Filed Under:Markets, Employee Benefits

Analysts See Demand for Specialty Drug Benefits

Some might be more willing than others to pay for generous coverage for these pills. (AP Photo/Kevin Wolf)
Some might be more willing than others to pay for generous coverage for these pills. (AP Photo/Kevin Wolf)

Many low-income and moderate-income U.S. adults say they would be willing to pay about $18 extra per month for generous coverage for specialty drugs.

A team of researchers backed by Bristol-Myers Squibb Company, New York (NYSE:BMY) -- a pharmaceutical company -- has presented that finding in a survey report published in the latest issue of Health Affairs, a peer-reviewed academic journal that focuses on health care finance and health care organization.

The researchers found that 22% of the participants did not want the plan with generous specialty drug benefits at all and that about 18% said they were willing to pay $60 per month or more for the more generous plan.

The participants were willing to pay an average of about $13 per month extra for the more generous plan, and about half of all participants were willing to pay more than $20 per month extra.

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Nichole Morford

Nichole Morford
Managing Editor

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