Market Chatter: Employers to Drop Coverage for Weight-loss Drugs

MT Newswires Live06-11 18:53

Employers plan to drop insurance coverage of GLP-1 drugs for weight loss next year as more workers use the medications, Reuters reported Thursday, citing industry surveys.

The trend comes despite lowered costs for Novo Nordisk's (NVO) Wegovy and Eli Lilly's (LLY), Zepbound and Foundayo, the report said.

Reuters said that about 10% of employers whose insurance policies currently cover GLP-1 drugs for weight-loss said they planned to drop the drugs next year, citing a survey by the Business Group on Health.

Another survey by Mercer said 5% of large employers of over 500 people plan to drop coverage of the drugs next year, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment