Cheryl Larson, president and CEO of the Midwest Business Group on Health, highlighted, 'There are a lot of things out there that [are making] employers say, 'Something has gotta give.'' This sentiment reflects the urgency that companies feel as they navigate rising healthcare costs.
Ellen Kelsay, president and CEO of the Business Group on Health, pointed out that 'pharmacy costs accounted for more than a quarter of healthcare costs in 2023.' The emergence of high-cost specialty medications and therapies is driving this surge.
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