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Revealed: Rise in health care costs for 2024

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“In response to rising specialty prescription drug prices, employers are focusing on utilization strategies like case management to guide medication adherence and management of side effects,” said Stich.

Notably, when asked what strategies would be the most impactful for reducing employee health care costs in 2024, survey respondents had very different answers compared to last year.

At 22%, more said they would use control initiatives to mitigate costs, including case management, prior authorizations, disease management and nurse advice lines. Down from last year at 16% was cost sharing initiatives such as coinsurance, deductibles and copays.

Thirteen percent of respondents said they would employ wellness programs at work, a new standalone option of the survey this year, and plan design initiatives like dependent eligibility audits, high-deductible plans and spousal surcharges/carve-outs remained steady.

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