employers

Rx Shock: Ever Faced A 900% Increase Nearly Overnight? You’re Not Alone.

We are finding some crazy Rx trends that are translating into real world cost and care issues for our clients and their employees. Here’s a prime example. We recently found that a type 2 diabetes drug (GLUMETZA) increased in cost by 900%, nearly overnight.

After digging into it here’s what we found:

• An investment firm purchased the manufacturer
• The price of the drug quickly spiked under the new ownership
• The drug had a specific efficacy but was prescribed widely

HEALTHCARE COSTS: YOU WON’T BELIEVE THIS!

We read and hear a lot about the craziness and wild swings in pricing for common medical services. Some seem too incredulous to believe. Healthcare’s version of Ripley’s Believe It Or Not.

OK. So here’s a true story. Hot off the presses. Happened just this week to someone in our sphere.

10 Healthcare Trends to Look For in 2016

It seems the kickoff of a New Year fosters predictions, Top Ten’s, and various and sundry industry-related crystal ball lists. An article about consumer healthcare trends in this morning’s Fiscal Times (10 Healthcare Trends That Will Affect You in 2016) caught my eye. Some of these trends, which we’ve also been following and have highlighted here in the past, are more likely to impact or, perhaps more accurately, continue to impact us in 2016 than others. No break-through revelations; but, all interesting nonetheless.

S&P Report Another Indicator of ACA Nearing Tipping Point?

I doubt I’m going out on a limb by saying that the “kid in the candy store” perspective that insurance companies may have had about the Affordable Care Act has all but vanished.   A new Standard & Poor’s report released this week supports that the “candy store” notion is now no more than illusion and provides further indications that ObamaCare is sputtering and may well be reaching a Tipping Point.

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