High-tech therapies such as gene, cell, and orphan drug therapies are becoming more popular, and that these therapies can be very costly.
Self-insured employers are seeing an increase in high-cost health claims in the area of respiratory illness and mental health, a new report has found. The 2021 Accident and Health Market Report, released by stop-loss insurer QBE compared high-dollar claims from the months preceding the COVID-19 pandemic to costs from the early months of 2021. It found that while the top area of high-dollar claims, cancer treatment, moderated somewhat, other high-cost claims in the areas of respiratory illness and mental health saw significant increases.
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