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Why are formularies necessary?

formularies necessary
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Why are formularies necessary?

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Carriers have established formularies to control the rapidly escalating cost of prescription drugs. Most drugs are members of a class with similar “biological or therapeutic” effects and therefore makes no difference which drug a person takes. More than likely the lower cost drug will be on the formulary.

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Medication costs continue to rise. Formularies list those medications which offer the best value without sacrificing quality of care. Keeping a lid on rising prescription costs help all of us reduce health care and premium costs.

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