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  • MICHIGAN AUTO INSURANCE PREMIUMS IN THE TOP 3 OF THE NATION

    MICHIGAN AUTO INSURANCE PREMIUMS IN THE TOP 3 OF THE NATION

    Residents in the state of Michigan are no strangers to the fact that the cost of their auto insurance premiums has been on the rise. In fact, The Detroit Free Press reported that auto insurance premiums in Michigan have been increasing since the year 2009. Insure.com provided information showing that Michigan’s auto insurance rates were

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  • PHARMACY BENEFIT MANAGERS’ ROLE WITH DISPENSE AS WRITTEN DRUGS

    PHARMACY BENEFIT MANAGERS’ ROLE WITH DISPENSE AS WRITTEN DRUGS

    Prescription medicines are costly and a significant source of concern for insurance companies administering workers’ compensation and automobile no-fault claims. Within the healthcare and insurance industries there exists some debate concerning the substitution of generic for dispense as written drugs (DAW) orders for specific brand name drugs. According to The Washington Post, non-generic prescription drugs cost nearly eight billion dollars per year

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  • HOW HEALTHCARE REFORM MAY AFFECT WORKERS’ COMPENSATION

    HOW HEALTHCARE REFORM MAY AFFECT WORKERS’ COMPENSATION

    There has been much discussion about healthcare reform under the new administration and how it has the potential to affect the workers’ compensation industry. The healthcare industry has been a source of contention and debate among insurance companies as well as the general public in recent years, and insurance carriers administering workers’ compensation claims must

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  • ISSUES IN ALTERNATIVE DRUG THERAPY

    ISSUES IN ALTERNATIVE DRUG THERAPY

    Complementary and alternative drug therapy is becoming more popular among consumers. CNN reports that in 2015, more than 33 percent of people in the United States were searching for assistance with their health issues from somewhere other than their primary medical doctor. These alternative treatments are typically used in conjunction with traditional medicine, but about

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  • What is a Pharmacy Benefit Manager’s Technology Integration Impact?

    What is a Pharmacy Benefit Manager’s Technology Integration Impact?

    In today’s world, technology is an ever-increasing component of daily personal and professional life. The pace at which technology develops seem to be rapidly increasing and insurance companies have the opportunity to leverage technological advances to their advantage. A Pharmacy Benefit Manager (PBM) such as Northwood offers seamless technology integration to impact an insurance company’s

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