Seventy-seven percent of employers spent 16% or more of their total health care budgets on pharmacy benefits last year, up from 71% in 2013. Nearly 5% of employers, meanwhile, spent more than 30% of their health care budgets on pharmacy, according to a recent prescription drug benefit survey from Buck Consultants at Xerox.
With specialty drug costs showing no signs of decreasing, we could easily see the average percentage of total health care spend employers are paying for pharmacy increase from 15 to 20%, says Paul Burns, principal, Buck Consultants at Xerox.
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