Prescription Drug Spending

Zero-Dollar Drug Copays Lowered Total Chronic Disease Spending

by Kelsey Waddill

Value-based insurance designs that incorporate zero copay programs for certain drugs may help decrease total chronic disease spending—including member and payer costs—when the designs focus...

Reinventing Formularies, Drug Pricing to Up Medication Adherence

by Kelsey Waddill

Update 03/03/2020: This article has been updated to reflect that Oscar Health might expand the number of options for migraine prescriptions. A previous version implied that there were no migraine...

Outpatient Costs Push Spending in Employer-Sponsored Health Plans

by Kelsey Waddill

Employer-sponsored health plans spent $5,892 per plan member in 2018, most of which went towards emergency department visits and other outpatient services, according to a report produced by the Health...

BCBS Tackles Outpatient Generic Medication Spending, Access

by Kelsey Waddill

Eighteen Blue Cross Blue Shield Association companies will be forming a subsidiary to handle high outpatient generic medication spending and combat drug shortages, announced Blue Cross Blue Shield...

Cost of Cancer Care Reaches Nearly $150B Nationally

by Samantha McGrail

Price tags of life-saving treatments are continuing to increase, with nearly $150 billion being spent nationally per year for cancer care, four times more than treatment for other common health...

Opioid Overdose Mortality Decreased 6% in Medicaid Expansion States

by Samantha McGrail

Medicaid expansion states saw a six percent decreased rate in total opioid overdose deaths compared to states that did not expand Medicaid eligibility, according to researchers from the University of...

VHA Sees Better Medication Adherence Despite High Drug Costs

by Kelsey Waddill

The drug pricing and coverage plan at Veterans Health Administration (VHA) is poised to improve medication adherence, with the payer boasting a 5.9 percentage point lower rate of cost-related...

UHC, Walgreens To Lower Medicare Costs Through Service Centers

by Kelsey Waddill

UnitedHealthcare (UHC) has announced a partnership with Walgreens and AARP that will open service centers for Medicare members in the store and provide added benefits to UHC’s Medicare Advantage...

Medicare Premiums, Deductibles for Parts A, B to Increase in 2020

by Samantha McGrail

The Medicare premium for premium will rise nearly seven percent in 2020, from $135.50 in 2019 to $144.60 next year, while the premium for Part A will rise almost five percent from $437.00 to $458.00 a...

53% of Seriously Ill Medicare Beneficiaries Face Financial Distress

by Samantha McGrail

Medicare coverage gaps may cause considerable financial distress for the most seriously ill patients, with 53 percent of seriously ill Medicare beneficiaries admitting they struggle to pay for care,...

High-Deductible Health Plans Are a Big Hit to Medication Adherence

by Samantha McGrail

Patients with diabetes enrolled on a high-deductible health plan have a hard time paying for their brand-name medications, having a negative impact on medication adherence, according to new data...

State Medicaid Programs Enhance SUD Benefits, Lower Cost-Sharing

by Kelsey Waddill

States focused their efforts on tackling the opioid epidemic and high prescription drug spending by adding substance use disorder (SUD) benefits and lower cost-sharing to Medicaid programs in fiscal...

Healthcare Coverage Informs Job Decisions For 50% of Americans

by Kelsey Waddill

The fear of having no healthcare coverage drives Americans’ decisions regarding employment, according to a recent study by the TransAmerica Center for Health Studies. The study surveyed 3,760...

Employers Coalition Takes Up Drug Price Transparency, Price Caps

by Kelsey Waddill

When it comes to lowering skyrocketing drug prices, employers are making their voices heard on drug price transparency, drug price increase caps, and other price reducing strategies through the...

MI Medicaid Plans to Cut PBMs and Use Fee for Service Drug Payments

by Kelsey Waddill

Update 10/11/2019: This article has been updated to include a statement from the Michigan Association of Health Plans.  Michigan is the latest among state Medicaid programs to back away from...

UPMC Diabetes Wellness Program to Cut Drug Spending, Chronic Care

by Kelsey Waddill

UPMC Health Plan’s new diabetes wellness program targets Medicare Advantage members with diabetes or at-risk of diabetes to help drive chronic care management at an affordable cost, the health...

Increased Access to First Generic Drugs May Save $4B Annually

by Kelsey Waddill

Consumers have access to less than half of the first generic drugs approved in the past three years and improving access would save seniors over $4 billion per year, the Association for Accessible...

Alternative Payment Models Rein in State Prescription Drug Spending

by Kelsey Waddill

As Medicaid programs look to provide costly gene therapies, specialty drugs, and other potentially life-saving medications to beneficiaries, states are getting creative by implementing alternative...

Orphan Drug Act Raises Prescription Drug Spending, Needs Reworking

by Kelsey Waddill

The Orphan Drug Act no longer serves its original purpose but instead increases prescription drug spending and healthcare spending, American’s Health Insurance Plans (AHIP) stated in a recent...

Hospital-Administered Medication Boosts Healthcare Spending

by Kelsey Waddill

Specialty drugs, which often receive the brunt of healthcare spending deprecation, may be able to decrease healthcare spending by $4 billion per year if administered at the right locations, a...