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Prices are soaring for specialty drugs used to treat critical illnesses such as cancer, Hepatitis C and multiple sclerosis, as well as more common conditions like high cholesterol. Right now, employers are largely bearing the brunt of the cost, and health care experts and leading employer organizations like the Minnesota Health Action Group are looking for collaborative, sustainable, solutions to this challenging situation.
Call to action
The Action Group has formed a Specialty Pharmacy Learning Network that gives employer members the opportunity to: Learn from experts and each other; develop strategies to ensure their company and employees are protected from exorbitant specialty drug pricing; work collaboratively to shape the specialty drug market, rather than have it designed by others; and develop positions to influence state and federal policy makers. Here are some startling statistics and tips to help employers begin to manage specialty drug spend.