Congressional spending plan: What’s in it for healthcare, and what isn’t
Chief Healthcare Executive December 21, 2024
A Quarter of Public Sector Health Plan Spending Goes Toward Covering Specialty Drug Costs
Managed Healthcare Executive February 22, 2024
Because of expensive specialty drugs, pharmacy expenditures accounted for one-quarter of healthcare spending by public sector health plans, according to a new report by two public sector health plan groups.
Specialty drug prescriptions and costs are on the rise in the United States and accounted for over two-thirds of new FDA approvals in the past three years.
To understand how public health sector plans are tackling rising pharmaceutical costs, the Public Sector HealthCare Roundtable and the National Institute for Public Employee Healthcare Policy collaborated on the 2023 Specialty Drug Survey and published a report of their findings this week.
Researchers gathered data from 21 plan sponsors across 16 states representing over 157 health plans for the 2021-2022 plan year.
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