HRE Health & Benefits Leadership Conference 2018

HC6 | The Rx Challenge: Getting Specialty Pharma Costs Under Control (Room Starvine 1 - 2)

06 Apr 18
9:15 AM - 10:15 AM

Tracks: Healthcare

Prescription drugs — particularly specialty medications — are the top driver of healthcare cost increases today. In 2016, pharmacy drug costs increased 10.2%, while specialty drug costs were up 19.2%, topping out at an incredible $160 billion. With 40 to 50 new specialty drugs approved each year, it is anticipated that figure could go up by as much as $20 billion annually for the next five years. While these medications can be life-changing for your employees who need them, the cost is clearly on pace to make them unattainable in the near future. David Dross will help you understand your organization’s risk for unsustainable spending and offer you a prescription for successfully controlling these costs.