Express Scripts: Drug spending slowed in 2016

Express Scripts — the largest pharmacy benefit manager in the U.S. — released its 2016 Drug Trend Report showing prescription drug spending slowed for its members last year.

Here are four findings from the report.

1. Per-person spending on prescription drugs increased by 3.8 percent in 2016, compared to 5.2 percent in the year prior, according to the report.

2. While brand name list prices increased by almost 11 percent in 2016, Express Scripts maintained unit cost increases for employers to 2.5 percent across all drugs.

3. Utilization trend, or the rate of change in total days' supply of medication per member across prescriptions, decreased from 2 percent in 2015 to 1.3 percent in 2016.

4. Express Scripts' members saved $1.3 billion in 2016.

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