How Employers Can Fight the High Cost of Diabetes

Diabetes is a devastating illness – and not just for those with the disease. Employers are also shouldering massive and increasing direct and indirect costs due to diabetes. Diabetes afflicts more than 11% of the adult population, including about 6.3% of full-time workers and 9.1% of part-time workers. Adults with diabetes incur more than $8,480 [...]

By | 2019-08-27T08:55:38-07:00 August 26th, 2019|Uncategorized|0 Comments

The Costliest Claims for Catastrophic Conditions and the Drugs Used to Treat Them

A new report by Sun Life Insurance Co. highlights the top high-cost claim conditions that plague the U.S. health care system and account for more than half of all catastrophic or unpredictable claims costs. The top 10 costliest claim conditions comprised over half (51.8%) of the $3 billion that Sun Life reimbursed to stop-loss policyholders [...]

By | 2019-08-20T11:59:00-07:00 August 20th, 2019|Uncategorized|0 Comments

New Health Savings Account, HDHP limits for 2020

The IRS has announced new health savings account contribution maximums for the 2020 health insurance plan year. Employees who have an HSA linked to a high-deductible health plan (HDHP) will be able to contribute to their HSA up to a certain level to help pay for health care and pharmaceutical expenses. Funds going into your [...]

By | 2019-08-13T12:18:48-07:00 August 13th, 2019|Uncategorized|0 Comments

Pharmacy Benefit Managers: A Brake on Rising Prescription Costs or a Cause of Them?

In 2015, spending on prescription drugs grew 9%, faster than any other category of health care spending, according to the U.S. Centers for Medicare and Medicaid Services. The report cited increased use of new medicines, price increases for existing ones, and more spending on generic drugs as the reasons for this growth. Increasingly, though, observers [...]

By | 2019-08-08T09:55:20-07:00 August 8th, 2019|Uncategorized|0 Comments
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