Drug Formularies

A drug formulary is a list that healthcare providers and insurance companies use to specify which medications are approved for use and covered under a specific health plan. It helps manage costs, ensure safety, and promote effective treatment by highlighting preferred drugs. Formularies categorize medications into tiers, influencing out-of-pocket costs for patients. They are regularly reviewed and updated based on new research, drug availability, and safety data. Essentially, a formulary guides patients and providers in selecting appropriate, affordable medications while maintaining quality of care.