Fact Based List:
Nine Things to Know From CVS Health Drug Trend Report
Submitted by Anonymous on Fri, 04/06/2018 - 13:50
- CVS drug price growth was 0.2%, plus 1.7% utilization cost growth yielding a total drug trend increase in 2017 of 1.9%.
- Manufacturer AWP inflation rates were 9.2% for traditional brands, 8.3% for specialty brands, and 0.4% for generics.
- The CVS generic dispensing rate was 86.1%.
- CVS traditional and specialty brands accounted for 14% of prescriptions dispensed, but 69% of pharmaceutical spend.
- CVS specialty trend consisted of 3.7% price growth plus 9.2% utilization cost growth for a total 12.9% 2017 specialty trend.
- CVS gross client costs pmpm were 108.42 pmpm in 2017 compared to $104.10 in 2016.
- CVS Clients with managed formularies, costs were $88.94 pmpm compared to $87.43 pmpm in 2016.
- CVS clients with a managed formulary clients had a 1.7% trend compared to 4.2% trend for other CVS clients.
- In 2017 73.4% of CVS members had out of pocket costs under $100, 14.6% had out of pocket costs between $100-$299, 5% had out of pocket costs between $300 - $499, 7% had %500+
Source: CVS Health 2017 Drug Trend Report
Source URL: https://payorsolutions.cvshealth.com/sites/default/files/cvs...
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