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Upcoming Events featuring
National CooperativeRx
Co-op Connection 2013
October 5, 2013
Madison, WI
Learn more
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National CooperativeRx is a not-for-profit coalition founded and owned by plan sponsors to achieve higher value prescription benefits through volume purchasing, clinical solutions, actionable data and unparalleled customer service. For your sales and marketing needs, please contact us at 866-679-9479, extension 223
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Pharmaceutical Spending through 2022
Dr. Adam Fein has used his pharmaceutical blog to highlight some prescription drug forecasts from the Centers for Medicare and Medicaid Services (CMS). Some of his highlights:
- Prescription drug spending growth (which was negative in 2012) is projected to accelerate to 5.2% in 2014
- From 2012 to 2022, annual expenditures will grow by $194.2B (+75%), to $455B. During this period, outpatient prescription drugs will be at about 9% of total US health care spending
- Health care reform will add an extra $15.3B in annual drug spending by 2022. This is far below last year's projected incremental $25.9B in spending by 2021
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HealthDay. Overweight, older adults suffering from arthritis in their knees may want to start a diet and exercise program. A new study found that people who lost weight experienced "less knee pain, better function, faster walking speed, and better quality of life." Diet and exercise proved to be the most helpful, while those who simply dieted achieved better results than those who only exercised. (Thompson, 9/24) Full Story
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Reuters. Acupuncture is as good as counseling when it comes to depression. "Researchers found one in three patients was no longer depressed after three months of acupuncture or counseling, compared to one in five who received neither treatment." (Seaman, 9/24) Full Story
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Time. A universal influenza vaccine may soon be available. Scientists are developing a flu shot that would be effective on all strains of the flu, instead of just focusing on the main strains that they predict will be the most prevalent for the given upcoming flu season. (Sifferlin, 9/23) Full Story
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HealthDay. Obamacare is bringing both positive and negative changes to employees who receive health care through their employer. Positive changes include: employers can't exclude employees based on pre-existing conditions, there are no lifetime limits allowed, and employers with more than 50 employees will be required to provide health insurance or pay penalties. Negative changes include: potentially higher premiums and steeper out-of-pocket costs. (Pallarito, 9/24) Full Story
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Drugs. "Across the board, six in 10 uninsured Americans will be able to find coverage for less than $100 per month," said Kathleen Sebelius, secretary of Health and Human Services. This is based on an analysis of the 36 states where the federal government is running the new marketplaces or partnering with states to get exchanges started. (9/25) Full Story
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Bloomberg. The average monthly payment for a person in the US using the health exchange will be $249, according to the Obama administration. Many people will receive a tax credit to lower that amount. (Wayne, Nussbaum, 9/25) Full Story
To see the average cost per state for people not receiving a subsidy, click here.
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