MedCity News September 9, 2024
Any successful response to skyrocketing drug costs has to also actively manage medications at the individual level — just because someone can be on a medication doesn’t mean they should be.
It’s no secret that healthcare costs are rising at a rate that far outpaces inflation.
In fact, total US inflation from 2008 to 2022 was about 45%, while the amount employers spent on healthcare over the same period rose by more than 60%. Between 1962 and 2022, healthcare has grown from 5% to 17% of the American GDP.
Unsurprisingly, given the prominent role employers play in America’s healthcare ecosystem, and the financial burden they shoulder, companies are anxious to find solutions that lower costs.
This has...
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Topics: Patient / Consumer