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Health Plans Covering Fewer Drugs, Imposing More Restrictions
As prescription drug costs continue growing and pricey new pharmaceuticals add to health plans'...
Study Predicts 8% Group Health Plan Cost Increase for 2025
A new study predicts that group health insurance costs will jump 8% in 2025, on par with what American employers have experienced this year and in 2023.
The higher rates reflect the costs borne by health insurers, which are seeing more claims for care that was postponed during the COVID-19 pandemic and a steady rise in the cost of pharmaceuticals as more innovative and effective drugs come to market, according to the study. There are also a few new cost drivers, which are counterbalanced by the potential for savings thanks to some new developments.
Addictions Are Rising Among Workers; What Employers Can Do
According to a study by the Substance Abuse and Mental Health Services Administration, 10% of...