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Horizon BCBSNJ: Specialty Drug Spending Up 62.3% Over 4 years -- Prescription Costs Represent 29% of All Health Care Spending

Source Horizon Blue Cross and Blue Shield of New Jersey (Horizon BCBSNJ)
Published Date 11/14/2018
Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) revealed today that spending on branded specialty drugs – those used to treat complex, chronic health conditions that can require special handling, administration or monitoring – increased by 62.3% between 2013 and 2017. While those specialty drugs represent between 4-6% of prescriptions issued for branded drugs, they account for between 32% and 44% of the total spend on branded drugs. Prescription costs overall now account for 29% on average of Horizon’s total health care spending and are rising faster than any other component of claims (physician services, inpatient, outpatient, prescriptions) driven by the substantial increase in spending on these branded specialty drugs. ...
View the entire Horizon Blue Cross and Blue Shield of New Jersey (Horizon BCBSNJ) article
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Horizon Blue Cross and Blue Shield of New Jersey (Horizon BCBSNJ)
Newark, NJ
 

Company Representatives Featured
Kevin Conlin
[Retired Executive Chairman]
Horizon Blue Cross and Blue Shield of New Jersey (Horizon BCBSNJ)
 
Allen Karp
[EVP - Healthcare and Transformation Management]
Horizon Blue Cross and Blue Shield of New Jersey (Horizon BCBSNJ)
 
Thomas W. Rubino Esq.
[Director of Director, Public Affairs Corporate Marketing and Communications]
Horizon Blue Cross and Blue Shield of New Jersey (Horizon BCBSNJ)
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