Cigna Group has struck deals with obesity drug makers Eli Lilly & Co. and Novo Nordisk A/S that aim to widen coverage by limiting how much employer-sponsored health plans have to pay for the medicines.
The agreements by the company's pharmacy benefits manager are part of a pitch to employers alarmed by spiking costs for popular new weight-loss treatments including Novo's Wegovy and Lilly's Zepbound. Cigna says its program will limit spending increases for the class of drugs, known as GLP-1s, to a maximum of 15% annually. The company called it the first such financial guarantee on the market.
The approach could widen access to medications in high demand, while giving companies concerned about GLP-1 treatments' high cost some assurance that paying for them won't bust their health budgets.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.