CVS Health Drug Trend Report Highlights Specialty Spending
In its 2020 Drug Trend Report, CVS Health Corp.’s Caremark PBM said its overall drug trend increased by 2.9% in 2020 and that 34% of its clients saw their pharmacy benefit spending decrease.
According to the report, specialty drug costs were the biggest concern. In fact, specialty treatments accounted for 52% of pharmacy spending in 2020, with 90% of spending concentrated on just five therapeutic categories. Despite that, the report asserts that “more than 40% of [Caremark] clients had single- digit specialty trend,” and “18% of [Caremark] clients had negative specialty trend.”
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