Employers scramble over skyrocketing specialty drug costs

High Drug Costs

Much has been studied over recent years regarding the uptick in healthcare expenditure driven by drug costs.  In the not to distant past, we, as a society, were not consistently bombarded with daily ads by the pharmaceutical companies. Today however, regardless of media outlet, it's become impossible to avoid redundant adverts from "Big Pharma".  You'll also find an undeniable truth and commonality with all correspondence related to any and all ads:  cost is never discussed, just the proposed remedy (and the fun side-effects).The attached link offers realtime insight as to concern, and analysis thereof, in the area known as "Specialty Pharma".  In short, Specialty Pharma can generally be defined as the most expensive, most advanced, and most advertised drugs on the market.  As such Specialty Pharma has quickly become a focal point in the industry.  While medicinal and pharmaceutical advancements are incredible for quality and preservation of life, as a wise man once said: "there's no free lunch".As we look at the booming growth within PEOs, this topic should be one of careful consideration in regards to control measures as they relate to cost containment.Employers scramble over skyrocketing specialty drug costs 8-19

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