Wespath Benefits and Investments
Carpenter Morse Group Inc.
Trucker Huss, A Professional Corporation
Abacus Retirement Solutions, LLC
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|Formulary Additions: The Big Picture|
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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