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Report: Group Health Plan Cost Inflation to Pick Up Steam

InterWest Insurance Services

in 2024, as inflation starts hitting the cost of delivering care as well as pharmaceuticals. Pharmaceutical costs — There are two significant drug cost drivers: Specialty drugs: These are significantly more expensive than their traditional drug counterparts, often costing more than $2,000 per month per patient.

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Appetite for hybrid working shows no sign of letting up at large firms

Workplace Insight

The report, “ Global Hiring Activity Trends & Signals – Q3 2023 ,” claims that sectors such as construction, insurance, banking & payments, technology and communications, and pharmaceuticals posted significant hybrid job roles during the third quarter (Q3) of 2023.

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Employers Wrestling with Covering Weight-Loss Drugs

InterWest Insurance Services

These groundbreaking drugs — the most popular sold under the brand names Mounjaro, Ozempic and Wegovy — are partly to blame for overall pharmaceutical benefit costs jumping 8.3% in 2023, compared to an increase of 6.4% in 2022, according to a report by Mercer. 7% said they cover the drug with no special requirements.

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October 17, 2023 – Smart Plan Design for Cost Control: Navigating Weight Loss Meds, The Biosimilar Pipeline & Manufacturer Assistance

InterWest Insurance Services

Weight Loss Medications: Learn how strategic plan design can help you avoid off-label utilization and manage the costs of these high-priced drugs, ensuring employee well-being without compromising your financial bottom line. Discover smart plan design for cost control in evolving markets.

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Captive Health Insurance and Prescription Drug Costs

AssuredPartners

Over the last ten years, pharmaceutical companies have produced over 150 specialty drugs. Pharmaceutical Industry Implications / Practices More and more manufacturers are spending their research and development budget on rare diseases, oncology treatments, and prepping for specialty patent expiration.

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Health Benefits in the Workplace at Risk: Employers Try to Absorb the Shock

HR Digest

Pharmaceutical companies and researchers insist that costs have to remain high for the production and further research to be viable. The rising costs have been a result of increased use for the treatment of diabetes, but also a trend of utilizing the drug for weight loss. million for a shot, according to a report by The Economist.

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Judicial Estoppel Bars NY Defendants’ Exclusive Remedy Defense

The Workcomp Writer

In 2011, plaintiff was allegedly injured while working at a pharmaceutical plant owned and operated by defendants GlaxoSmithKline, LLC and Stiefel Laboratories, Inc. Here, the plaintiff was hired by Manpower and assigned to conduct inventory control at a pharmaceutical plant owned and operated by defendants. Background.