Tackling Rising Specialty Drug Costs: How International Sourcing Can Help
Specialty drug costs are skyrocketing, putting a strain on self-insured employers and insurance brokers. Some specialty medications cost tens of thousands of dollars per month, quickly draining healthcare budgets. International sourcing offers a solution to this problem.
Companies like ScriptSourcing allow employers to buy medications from international pharmacies at much lower prices. This approach can save 50-75% compared to U.S. prices for the same drugs.
How International Sourcing Works
ScriptSourcing partners with trusted pharmacies in Tier 1 countries with equal or higher standards than the FDA. Medications are shipped directly to ScriptSourcing members for a $0 copay, and without any additional out of pocket costs.
Benefits for Insurance Brokers
Offering international sourcing solutions can give brokers several advantages:
- Lower costs for clients: Brokers can help clients manage healthcare expenses by reducing specialty drug costs.
- Medication Adherence: Lower out-of-pocket costs may help employees take their medications as prescribed.
- Competitive edge: Providing innovative cost-saving solutions can set brokers apart from competitors.
- Stronger client relationships: Offering real savings and improved benefits can strengthen ties between brokers and clients.
Safety and Quality Assurance
Companies like ScriptSourcing take strict measures to ensure safety. They only work with licensed, regulated brick and mortar pharmacies, and all medications meet or exceed FDA standards.
As healthcare costs continue to rise, brokers who offer effective solutions like international sourcing will be well-positioned to help clients manage pharmacy benefits and control costs.