Tag Page drugpricing

US Healthcare Spending in 2025: Key Trends to Watch!💡

📊 rising costs: - Health spending grew 7.5% (2022-2023) and is projected to rise 4.2% in 2025. - Hospital care (31% of total spending) increased 6.4% last year. - Prescription drugs: U.S. spends $1,635/person vs. $944 avg. in peer nations. 💡 market drivers: - GLP-1 weight-loss drugs ($1,000+/month) are widely used (12% of adults), prompting insurer cost controls. - Biologics & gene therapies: 16 new approvals in 2024, with biosimilars poised to lower prices. - Hospital consolidation and labor shortages push costs upward. ⚖️ policy updates: - Price transparency: Federal efforts to standardize hospital/insurer pricing disclosures. - Drug pricing: Medicare negotiation for high-cost drugs under the Inflation Reduction Act. - State reforms: 23 states revising hospital expansion rules; 16 states regulating PBM pricing practices. - Licensing compacts: 6 states adopting cross-border provider licenses to ease workforce gaps. What solutions hold the most promise? Share your insights below. 👇 #healthcaretrends #uspolicies #drugpricing #medicalcosts