Kelsay is the President and CEO of the Business Group on Health. She predicts that in 2024, employers will "sound the drug price alarm."
We asked our readers and some members of our editorial advisory board to make predictions for 2024. Here's what Ellen Kelsay had to say:
“Healthcare costs will continue to soar, bringing heightened vigilance by employers as well as concerns about the affordability of medications and medical services. Employers will express growing alarm over the sustainability of and lack of transparency into drug pricing. One hundred percent of employers surveyed have some level of concern related to prescription drug trend, which is greatly fueling overall healthcare trend, according to our 2024 Large Employer Health Care Strategy Survey. Employers will place heightened expectations on their partners to deliver, in large part because of considerations regarding cost, quality and outcomes.”
2023 Drug Trend Report - Xevant
May 16th 2024To effectively navigate the changing pharmacy landscape and maintain a robust, cost-effective pharmacy benefit, you must understand the forces behind rising drug trend. What’s driving your costs and what can you do about it? As a leader in the PBM analytics space, we offer a unique perspective on pivotal trend drivers. Here’s what our comprehensive analysis revealed: -A surge in utilization rates across specialty and non-specialty drugs, magnified by anti-obesity therapies -Financial strain imposed by anti-inflammatory biologics and the yet-to-be-fulfilled -promise of biosimilar savings -Persistent price inflation driving higher costs year over year
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