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There has been a meteoric rise in popularity of the class of drugs commonly known as GLP-1s—including name brand drugs such as Ozempic and Wegovy. In addition, some plan sponsors have experienced a staggering increase in plan costs as a result of these drugs, which can run well over $1,000 per month. Initially approved to help diabetes patients control their blood sugar, drugs such as Ozempic have soared in popularity in recent years, in large part due to their popular side effect of rapid weight loss. Social media attention and popular culture references have fueled the rising awareness.
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