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Specialty-drug spending spawns protest

Has spending on specialty drugs hit a wall? Spending on these meds--including those for cancer and multiple sclerosis--is rising at a rapid pace, and that has some payers and watchdogs clamoring for alternatives.

Experts estimate that specialty drug spending could top $99 billion by 2010, nearly double the $54 billion spent in 2006. To curb costs, pharmacy benefits managers already are enforcing rules on drug selection, usage, and dosage. But they fear that's not enough to rein in spending. So they're pushing Congress to make some changes: create a clear pathway for generic biologics, reinforce rules requiring cheaper therapies, and back pay-for-performance projects like the one Johnson & Johnson agreed to in the U.K. to get Velcade on the National Health Service formulary.

- see the item at the WSJ Health Blog
- get more details in the WSJ article

Related Articles:
Can specialty drugs turn pharma tide? Report
Study: Costlier drug worked better. Report
Drug makers jack prices up 7.8%. Report
Specialty drugs emerge as key price driver. Report

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Comments

Has anyone taken a look at the PBMs who are in control of the spending AND the dispensing of these medications.
They often offer low reimbursement rates to the employers, and pay even lower rates to the pharmacies while keeping the difference, then they leverage the manufacturers for more money to adjust the formularies or block their medications.
We are so quick to blame Manufacturers for Specialty drug costs...
www.bioplusrx.com
Independent pharmacy services....serving patients

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