Driven by the developmental and retail costs of specialty drugs and a less-than-robust generic drug market, pharmaceutical price increases will move into the double-digit range by 2016.
That’s what an analysis of cost factors by Aon Hewitt forecasts. The results emerged from an actuarial analysis of medical trend cost information from various sources, from client experience, government sources and carriers to third-party sources, Aon Hewitt said.
Without plan design changes to counter pharmacy cost increases, Aon Hewitt predicts a 9.5 percent in 2015, a 10 percent increase in 2016, and a 10.5 percent in 2017.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
