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Containing the escalating costs of prescription drug benefits
Sacramento Business Journal

What’s one of the fastest growing components of health care costs?

Prescription drug benefits, and in particular, specialty drugs that are increasingly prescribed by doctors. Specialty drugs are high-cost prescription medications used to treat complex chronic conditions like cancer, rheumatoid arthritis and multiple sclerosis.

Ten years ago, specialty prescription drugs represented only 13% of pharmacy spend, but that percentage is projected to jump to 50% by 2020. While specialty medications represent only 1% to 3% of prescriptions written by medical professionals, they account for 35% to 40% of all pharmacy spend, according to MMA Rx Solutions team member, John Tackman.