Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|New Specialty Drugs Contributed to Sharp Increase in Prescription-Drug Spending Last Year|
The Wall Street Journal; subscription may be required
Mar. 10, 2015
"Prescription-drug spending rose more than 12% last year in the U.S., the biggest annual increase in over a decade, according to a report by the nation's largest pharmacy benefit manager. The increase was driven in large part by soaring demand for expensive new hepatitis C treatments and price increases for diabetes and cancer drugs.... Spending on specialty medications rose by an average of 38% across Medicare, Medicaid and commercial insurance plans ... Express Scripts forecasts spending among commercial plans will grow by an average of 10% annually from 2015 through 2017."
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