The rising cost of prescription drugs is a growing concern, especially for those who depend on their medications to stay healthy. Spending on prescription drugs is only expected to risehttps://payorsolutions.cvshealth.com/updates/consultant-briefing-december-2021 with the specialty drug market expected to reach $373 billion in 2025. As more therapies come to market, they provide new options for patients who may previously have had no treatment available for their condition or who have not found the right medication for them – this has been true for conditions such as migraines and weight loss. However, new treatments on the market can also increase the overall cost of drugs, which increases the pressure on consumers. For example, autoimmune diseases were the main contributor to specialty growth, accounting for 54% of all specialty utilization trend.

Reduce the cost of prescription drugs

That’s why we’re committed to working with employers and health insurance plans to make prescription drugs more affordable. From ensuring appropriate use of treatment to negotiating with drug manufacturers for the lowest prices, we use every tool possible to increase member affordability – and our Trends Report in medicine proves that we can deliver. In fact, we delivered an overall drug trend of 2.4% for our customers.

Through our clinical-first approach, innovative new programs, and digital tools, we’ve kept out-of-pocket expenses low, consistently reduced member cost share, and passed millions in savings on to members. We’re proud of the work we do — and invite you to dig deeper into how CVS Health partners with employers and health plans to reduce costs and make prescription drugs more accessible and affordable for members.