EFG&M

Prescription drug costs are the fastest growing aspect of health care spending. The actuaries at the major carriers predict that prescription drug costs will account for 40% of overall health care costs in the US by 2020. New specialty drugs are a big driver of cost. For example, new drugs for Hepatitis C cost $70k to $100k. As insurance carriers and pharmacy benefit managers struggle to rein in costs, they are having to make changes to their formularies that can impact your wallet as a consumer.