Original source: https://www.bloomberg.com/news/articles/2019-09-11/employers-fear-squeeze-from-genetic-cures-that-cost-millions
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Bloomberg (09/11/19) Tozzi, John
Regulators recently approved two genetic treatment treatments that cost considerable sums, and companies and health programs are worried about the prices for these remedies of rare disorders. Larger health programs are in a much better place financially to absorb the prices because the medication are to get a smaller number of individuals, but as similar hereditary medication for more common ailments reach the market during the upcoming few years, health insurance might find they cannot pay the costs. New gene therapies are 1 part of the constant increase in companies’ health costs, which are projected to climb 6% next year, according to PwC’s Health Research Institute. Some insurance companies are unveiling plans to pay the expenses of these remedies, while others are offering a monthly per-member fee plan for these drugs. Tiny ones and most companies endure the possibility of their workers’ medical costs an approach called self-funding or even self-insurance, which might require them to purchase different reinsurance to cover the costs. Some have requested the authorities…. Read More
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