Health plan analysts are increasingly pointing to runaway prescription drug prices as the primary culprit in escalating premiums and co-pays. But there might be some relief in sight.
A survey of insurers from Wells Fargo Insurance revealed that prescription plan increases will lead the way in 2015 and 2016, with double-digit hikes anticipated by the insurers surveyed.
Wells Fargo asked representatives of some 65 insurance firms what percentage increases they expect to see this year and next. Overall, respondents said they were prepared for overall increases of nearly 8 percent this year and close to 9 percent in 2016.
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
© 2024 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.
