News You Can Use - 2024 Drug Manufacturers Price Increases

Jan 08, 2024

2024 Drug Manufacturers Price Increases

Starting this month, list price increases on over 500 drugs by several U.S. drugmakers will take place. This is a common practice among drug manufacturers, typically happening twice yearly in January and July.


But worry not because TrueScripts is here to partner with YOU to help navigate these changes! Our dedicated team of nurses, pharmacists, and care specialists continually work to ensure you get your prescriptions at the LOWEST net cost possible. We proactively eliminate plan disruptions and relentlessly pursue the best savings for our clients and members.


When the cost of medications increases but PBMs lag in updating their reimbursement rates, pharmacies may be forced to dispense these drugs at a financial loss. This situation puts a strain on the financial viability of pharmacies. Our clinical pharmacy team is at the forefront, diligently assessing medication costs and collaborating closely with our partner pharmacies to guarantee fair compensation reflective of the actual acquisition cost of medications. We aim to ensure that pharmacies receive timely and accurate reimbursements, mitigating the risk of dispensing medications at a loss. This proactive approach not only safeguards the financial health of pharmacies but also reinforces our commitment to providing uninterrupted access to essential medications for the benefit of patients.


Another pain point associated with manufacturer price increases is explicitly felt by members who have deductibles and/or pay a coinsurance (as opposed to a flat copay) since their cost share is based on the overall price of the drug. This is especially notable when you’ve made a PBM switch around the same time the price increases occur – members often feel the bigger hit on their wallet is associated with the vendor change, thus raising questions of “Why did you make us change?!” when they would have still seen an increase had you stayed with the prior PBM. Our Account Management team helps you navigate these waters by participating in open enrollment meetings with your members, and our Member Care team will quickly provide Amazing Care by answering all calls/texts/chats with our One Ring Response.


So, why stress over rising drug prices when you can partner with TrueScripts? We are experts in prescription benefits, providing you with the support and guidance you need to navigate this complex landscape.



Want to see how TrueScripts can help you save on its prescription benefit plan? Don’t hesitate to reach out to us at PartnerWithUs@TrueScripts.com. Let’s work together to ensure you receive prescriptions at the most affordable prices. Because with TrueScripts, you’re never alone on your healthcare journey.

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