Rising Drug Costs, Plan Regulations Have Employers Uneasy

If it feels to you like 2023 flew by, you’re not alone. This year, employers were faced with many changes within the pharmacy benefit landscape—it can be difficult to keep up while trying to prepare for what 2024 may bring.

In our on-demand webinar, “2024’s Prescription for Success,” top industry experts reflected on the key insights and trends from 2023 that will impact your pharmacy benefits in the coming year. These insights will help you confidently prepare your organization to take on 2024.

Rising plan costs driven by specialty drugs have employers increasingly concerned

Specialty drugs remain top-of-mind for many employers concerned about the future. With insights from more than 600 decision-makers in employee benefits, our recent survey found rising plan cost driven by specialty drugs are the top concerns for benefits decision-makers.

The survey also found that 90% of employers are somewhat to very concerned about the impact of future regulations on benefit plan design, with even more considering switching pharmacy benefit providers in the last year.

In addition to rising plan costs, other big changes in the landscape will shape the landscape in 2024, such as major manufacturers lowering out-of-pocket insulin costs and developing federal PBM regulation efforts.

From navigating legal changes in the landscape to anticipating what 2024 may hold, these actionable insights serve as your compass to confidently face the challenges the new year may bring. Watch our on-demand webinar, “2024’s Prescription for Success,” for more detailed insights from seasoned industry experts on trends from 2023 that will shape your pharmacy benefits strategy in the upcoming year.


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