Volume 05| May 07, 2018
RxReins is a dedicated Managing General Underwriter (MGU) specializing in prescription stop loss insurance for group benefit plans. We work closely with Brokers, TPAs and PBMs to provide the best available products from multiple A-rated carriers in all fifty states . RxReins is a member of the ELMC Risk Solutions family of companies.
MONTHLY NEWS AND UPDATES!
SPECIALTY DRUGS POWER GROWTH IN PHARMACY BENEFIT SPEND

" New specialty drugs will continue to power pharmacy benefit spending, but the overall growth of pharmacy benefit costs is expected to slow over the next 2 years, according to a new report by Magellan Rx Management. Specialty drugs currently represent 39% of the overall pharmacy benefit spend, but the authors project that specialty drug costs will grow to 48% by 2020. Meanwhile, overall pharmacy benefit cost growth is expected to slow in 2019 and 2020."

STUDY: OPIOID PRESCRIPTIONS HAVE DROPPED 29% SINCE 2011

"The decline accelerated in 2017, dropping about 10 percent that year, the study finds. The report said “greater restrictions, patient awareness and responsible treatment decisions reduced usage” of opioids."

DEVELOPING TRENDS IN THE SPECIALTY DRUG PIPELINE

"Six specialty classes are maturing, including HIV, multiple sclerosis (MS), and drugs for psoriasis, and there is a $25 billion market opportunity through 2022 as 64 drugs come off patent protection. Likewise, there is a similar opportunity in biosimiliars, as 71 patents lose protection through 2021, creating a $54.4 billion market. There are 10 biosimiliars pending approval this year, targeting treatments for anemia, breast cancer, neutropenia, rheumatoid arthritis (RA), non-Hodgkin lymphoma (NHL), chronic lymphocytic leukemia (CLL), and psoriasis."

Prescription Drug Stop Loss Attributes
 Benefits of Purchasing Rx Stop Loss Insurance through RxReins
  • Competitively priced Stop Loss premium equivalent of 2-3% of overall Rx spend
  • Savings of 5%-10% on Stop Loss premiums when carving out the Rx program
  • Ability to reduce or avoid lasers under the Medical Stop Loss policy
  • Added credibility for client PBM savings/repricing models
  • Coverage placed with A+ rated carriers
  • Stop Loss claims are paid within 30 days
Meet Another Member of the ELMC Family: DiversitySL

A Full Service, Full-Authority MGU Designed to Support Issuing Carriers

DiversitySL is a premier minority owned MGU representing highly rated insurance companies. The company has formed strategic partnerships with leading national insurance brokerage firms and agencies with the goal of becoming the minority partner of choice for firms seeking to work in the urban marketplace, government, or in other areas where diversity initiatives are of concern. We are a certified Minority Business Enterprise and work as a strategic and vital partner, not a competitor.

RxReins integrates PBM savings into the underwriting process to create innovative solutions for clients and prospects.

To learn more, sign up for our webinar Click to Register or visit our website. RxReins.com
RxReins, LLC | 888.797.3467 | [email protected] | www.rxreins.com