The next generation in online publishing...
Sign up to read the digital versions of Managed Care, P&T, and Biotechnology Healthcare. These digital editions are free, searchable, and can be downloaded and read offline. To read a sample of the digital version of Managed Care, follow this link:
Sample digital edition
Register for a free digital subscriptionArchive issues of Managed Care:
Supplement to Managed Care:
Ulcerative Colitis: The Value of Persistence in Therapy
Free download
MANAGED CARE October 2004. ©MediMedia USA
MANAGED CARE OUTLOOK
Medical, prescription drug cost rates to drop in 2005
Although costs will grow next year, they won't grow so fast as in 2004, according to a new report issued by the Segal Co., an actuarial and consulting concern. The 2005 Segal Health Plan Cost Trend Survey predicts that increases for prescription drug coverage will decelerate in 2005, but still remain significantly above general inflation and wage increases, according to the report.
While increases are expected in 2005, the findings of this survey indicate that the pace of the increase has slowed. The survey finds that variations in rates by plan type will continue to be modest. All types of managed care, excluding prescription drug benefits, will be about the same, but prescription drug carve-out coverage will be healthier than all other coverage categories.
SOURCE: 2005 SEGAL HEALTH PLAN COST TREND SURVEY, THE SEGAL CO.