Behavioral Health Business July 19, 2024
Behavioral health utilization is one of the main factors driving up commercial health plan spending.
According to a new report by PwC, commercial health care spending would grow 8% and 7.5% between 2024 and 2025. The increased use of weight loss drugs, including GLP-1s, was another force driving up health care spending.
In the wake of the COVID-19 pandemic, behavioral health utilization skyrocketed. This was paired with a continued rise in per-claim costs, resulting in overall higher costs.
“While historical [per-member-per-month costs] for these services were too low to be considered an inflator to overall medical costs, spending on mental health has increased more than 50% since the pandemic, driven by a nearly 40% rise of in-person behavioral health utilization....
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