prescription drug costs News

Commercial Health Plans’ Spending on Drugs Slowed in 2016: Express Scripts

Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has intensified. Prescription …

Study: 43% of Insurers’ Prescription Payments Going to Specialty Drugs

The latest study of medicine prices finds U.S. insurers’ spending on expensive prescription drugs nearly quadrupled from 2003 through 2014, when the number of such prescriptions filled tripled. Spending on expensive “specialty” drugs by commercial insurance plans jumped from 11 …

Opioid Alternatives Can Be Hard-to-Find and Costly

Ken Manning’s head is held up by two metal rods, four plates, and 17 screws in his neck. Since falling off a frame at a carpentry job in the early 2000s, he has had four surgeries, leaving his tanned neck …

Vermont to Become 1st State Requiring Drug Makers to Explain Price Hikes

Vermont is poised to become the first state requiring drug companies to explain their price increases, and Bob and Deborah Messing think that’s a good idea. The Messings live in Montpelier and are in their early 70s. She’s on Orencia, …

Here’s What’s Happening with Drug Costs in Workers’ Compensation

Overall pharmacy spending increased 2.2 percent for U.S. workers’ compensation payers in 2015 due to higher drug prices, according to a report by benefit manager Express Scripts. That overall increase was a function of 2.6 percent lower injured workers’ drug …

Analysis: North Carolina Studying Drug Formularies in Workers’ Comp Claims

During the 2015 legislative session, the North Carolina General Assembly authorized and funded a study regarding prescription drug formularies in workers’ compensation claims brought by state employees. While this statute does not create a formulary, it certainly shows that the …

Drugs Prices Much Higher in U.S. Than in Other Countries: Research

U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the price of treatments for a range of …

Affordable Care Act Attracting Younger, Healthier Insureds

Obamacare is attracting younger and healthier people to its coverage plans this year, according to research by Express Scripts Holding Co., a trend that could help balance and sustain the law’s insurance markets. According to the report, which looked at …

Here’s What’s Happening to Healthcare Costs for Typical Family

The cost of healthcare for a typical American family of four will rise about 6.3 percent this year, or $1,456, driven in great measure by higher prescription drug prices. The latest study by the consulting and actuarial firm Milliman Inc. …

Insurers, Drugmakers Tussle Over Drug Copay Caps

The battle over soaring U.S. drug prices is heading for the states. With the price of some treatments topping $100,000, patient groups are pushing for state laws to make sure insurers cover most of the costs. Their campaign is backed …