Nearly one third of employees say they would switch employers for GLP-1 coverage, signaling just how mainstream these drugs have become. In this week's episode, Nick and Geoff unpack the cost implications for employers; how clinical support programs can help manage those costs and increase value from the investment; and how HR leaders should think about coverage decisions based on their company's size, industry, and culture.
Key Takeaways:
Nearly one third of employees would switch employers for GLP-1 coverage, making it one of the first drug classes to factor meaningfully into recruitment and retention
Nearly half of employees are already using third-party apps to find GLP-1 drugs at lower prices
Adding GLP-1 coverage for weight loss could increase employer health insurance premiums by 5.3% to 13.8%
51% of employers now cite GLP-1s as the top driver of prescription cost growth
Clinical support and lifestyle management programs can serve as meaningful gatekeepers, helping manage costs while ensuring employees get the most out of the drug
HR leaders should ground coverage decisions in a clear understanding of their company's size, industry, and culture because the right benefits strategy looks very different depending on the company and value proposition they are offering employees
Nearly one third of employees say they would switch employers for GLP-1 coverage, signaling just how mainstream these drugs have become. In this week's episode, Nick and Geoff unpack the cost implications for employers; how clinical support programs can help manage those costs and increase value from the investment; and how HR leaders should think about coverage decisions based on their company's size, industry, and culture.
Key Takeaways:
Nearly one third of employees would switch employers for GLP-1 coverage, making it one of the first drug classes to factor meaningfully into recruitment and retention
Nearly half of employees are already using third-party apps to find GLP-1 drugs at lower prices
Adding GLP-1 coverage for weight loss could increase employer health insurance premiums by 5.3% to 13.8%
51% of employers now cite GLP-1s as the top driver of prescription cost growth
Clinical support and lifestyle management programs can serve as meaningful gatekeepers, helping manage costs while ensuring employees get the most out of the drug
HR leaders should ground coverage decisions in a clear understanding of their company's size, industry, and culture because the right benefits strategy looks very different depending on the company and value proposition they are offering employees