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Formulary Additions: The Big Picture
Pharmaceutical ExecutiveLink to more items from this source
Dec. 7, 2005

Excerpt: Actuaries are responsible for the bottom line of a health plan, so when they evaluate the formulary and its new products, they look at the impact on the plan's total budget. Typically, they are asked to figure out what will happen, on a dollar-and-cents level, to the plan's entire system of treatments once doctors begin to write prescriptions for a new drug.

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