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    doris karimi
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    Drug costs, especially for specialty medications like biologics and gene/cellular therapies, have been rising significantly over the last five years and can impact company profits, with these specialty drugs accounting for over half of pharmacy spending in 2020 though used by only 2% of the population. Therefore, employers should select pharmacy plans with cost-saving options like generics, home delivery, and innovative solutions for managing high-cost specialty drugs to control expenses. Telehealth has also helped reduce healthcare costs for employers while maintaining employee health and productivity during the pandemic.

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    Drug costs, especially for specialty medications like biologics and gene/cellular therapies, have been rising significantly over the last five years and can impact company profits, with these specialty drugs accounting for over half of pharmacy spending in 2020 though used by only 2% of the population. Therefore, employers should select pharmacy plans with cost-saving options like generics, home delivery, and innovative solutions for managing high-cost specialty drugs to control expenses. Telehealth has also helped reduce healthcare costs for employers while maintaining employee health and productivity during the pandemic.

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    11 views1 page

    Module 4 Discussion

    Uploaded by

    doris karimi
    Drug costs, especially for specialty medications like biologics and gene/cellular therapies, have been rising significantly over the last five years and can impact company profits, with these specialty drugs accounting for over half of pharmacy spending in 2020 though used by only 2% of the population. Therefore, employers should select pharmacy plans with cost-saving options like generics, home delivery, and innovative solutions for managing high-cost specialty drugs to control expenses. Telehealth has also helped reduce healthcare costs for employers while maintaining employee health and productivity during the pandemic.

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    Drug costs are one of the trends in healthcare that continues to spark concern for employers.

    Some of the important and essential treatments can be expensive and can have an impact on a

    company’s bottom line. Drug prices have been increasing over the last five years such as the

    specialty medications. For example, biologics and gene and cellular therapies accounted for more

    than half of the pharmacy spending in 2020 even though only 2% of the population uses these

    drugs. Therefore, it is advisable for employers to select a pharmacy plan that provides cost-

    saving options including generic alternatives, home delivery, and innovative solutions for

    specialty drug management. Recent trends show that larger employers maintain their health

    coverage than small health care. This is due to the rising healthcare costs. The other trend in

    managed care is virtual care which provides ease and flexibility. The use of virtual care help

    fosters a healthy workforce. For employers, telehealth has decreased health care costs while

    keeping employees healthy and productive. This trend has impacted both the small and large

    employers the same as they are both benefiting from the reduced costs.

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