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Piggy bank Although COVID-19 had a clear impact on health care spending, that was due mostly to a large number of cases overall. (Image: NAR Studio/Shutterstock)

Cancer continues to be the most costly medical condition for insurance plans, and mental health saw a significant increase in spending, according to a new report by Sun Life. The insurance carrier’s annual report, “High-cost claims and injectable drug trends analysis,” looked at claims from 2017 to 2020.

The report found that for 2020, cancer was the most common and costly medical condition, with a 16% increase in costly cases that resulted in stop-loss claims. Cancer drugs make up 9 of the top 10 high-cost drug claims for 2020.

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