7 Ways to Save on Prescriptions
October 3, 2016
In the latest survey by the National Business Group on Health, large employers predict the cost to provide health benefits will rise by 6% in 2017, but they expect a 16.8% increase in spending for specialty medications.
Why are costs rising so fast? More people are living longer with chronic conditions, and drug companies have been introducing new specialty medicines that are expensive to manufacture and administer. They’ve also been hiking prices for other brand-name drugs—with some eye-popping examples grabbing headlines. Finally, fewer patents have expired recently, slowing the introduction of new and cheaper generics.