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Brace Yourself for More from the Opioid Addiction Crisis

… are key for helping recovering addicts remain on track, even more so with the uncertainty of COVID-19 and the stress it has caused so many. Unless a major shift happens on the carrier end, we can expect to see the overdose death toll rise. As if the body count and strain on our healthcare system from coronavirus aren’t already enough to handle. See results from our In It Together COVID-19 pulse surveys by visiting epicbrokers.com/insights/preparing-for-the-new-normal

https://www.epicbrokers.com/insights/brace-yourself-for-more-from-the-opioid-addiction-crisis/

Coronavirus & Workplace Wellbeing: Pushing for Physical Health

… Disease Control and Prevention (CDC) recommends that adults get at least 150 minutes of moderate-intensity aerobic physical activity and two or more days of muscle-strengthening activities per week. And a recent poll shows negative behaviors such as overeating and additional alcohol consumption while on lockdown are on the rise. Employers need to get ahead of this trend and be creative when promoting physical activity and health. No Gym, No Problem  Local gyms are closed, so share some suggestions to help employees make their at-home workouts just as effective – you can find free workouts to share online and …

https://www.epicbrokers.com/insights/coronavirus-workplace-well-being-pushing-for-physical-health/

Benefits Curve | Harnessing AI to Improve Outcomes, Control Costs, and Enhance Employee Experience

Artificial intelligence is rapidly transforming the employee benefits landscape. From predicting healthcare costs and identifying population health risks to personalizing employee communications and enhancing healthcare delivery, AI presents unprecedented opportunities for employers. But with innovation comes responsibility. Watch this recording to learn how organizations can leverage AI to improve outcomes, control costs, and create better employee experiences while maintaining privacy, compliance, and trust. Viewers will leave the session with: A practical understanding of how AI is currently being used in employee benefits Specific opportunities to improve healthcare cost management and population health strategies Strategies for modernizing employee communications and engagement …

https://www.epicbrokers.com/insights/ai-improve-future-employee-benefits-experience/

Legal System Abuse and the Illusion of Predictability

… European system. That means aligning governance expectations with how losses actually develop, not how they should develop. It means recognizing claims handling discipline and procedural management as channels for financial control. It means designing programs, capital allocation, and litigation strategy that can absorb volatility rather than explain it away. And it means recognizing that surprises persist not because the risks are unknowable, but because too many programs are still calibrated to assumptions that no longer hold. Looking Ahead: Tort Reform’s Potential Impact In June, we will examine how current U.S. tort reform efforts could offer concrete solutions …

https://www.epicbrokers.com/insights/legal-system-abuse-predictability/

Benefits Curve | How to Plan for GLP-1 Medications in 2025 and Beyond

Learn about employee benefits business risks – and how to get ahead of the curve – with key insights and actionable takeaways from our team. Stay tuned for fresh topics every other month! Are you concerned about covering GLP-1 drugs on your employee benefits plan? Employers struggle with rising healthcare costs, and GLP-1 medications are a significant contributor. These powerful drugs for patients with diabetes and obesity come at a price tag exceeding $10,000 per patient annually. But there is hope! Discover how to optimize the use of GLP-1s in your pharmacy program. Our panel of seasoned pharmacists …

https://www.epicbrokers.com/insights/benefits-curve-august-2024-pharmacy/

Are Your Employees Asking About Weight-Loss Drug Coverage? They Will Be…

Viewpoints from Craig Hasday The press is full of headlines, fueled by celebrity endorsements, about the new miracle glucagon-like peptide 1 (GLP-1) weight loss drugs: Ozempic, Wegovy, and Mounjaro – and guess what? They work, with reports of as much as 15% of body fat loss achieved over a year or less. As we all know and have been preaching in our wellbeing initiatives, obesity poses significant health risks and financial burdens for individuals and employers alike. The average cost of GLP-1 weight loss medications, such as Ozempic, is approximately $14,000 per year. We also know that …

https://www.epicbrokers.com/insights/weight-loss-drug-coverage-viewpoints/

Large Claims Alarms Are Signaling Healthcare Cost Spikes

Viewpoints from Craig Hasday Regardless of your plan’s size or funding arrangement, prepare yourself. Large claims are coming. According to a QBE report, claims over $200,000 increased by 17% from 2020 to 2021. While it was harder to see through the crystal ball during the COVID-19 years, it is starting to get clearer again. This trend will continue. There are several factors in play. COVID-19 claims are expected to diminish, however, the cost of deferred care is emerging. Circulatory claims are on the rise, but more acutely, the cost of high-cost therapies is expected to …

https://www.epicbrokers.com/insights/large-claims-signaling-healthcare-cost-spikes/

EPIC Pharmacy Team Delivers the State of Specialty Drug Spend

Specialty Spend Is on the Rise Again EPIC recently unpacked everything you need to know about the state of specialty, with a specific focus on biosimilar and specialty generics. We continue to see double-digit increases in per member per year cost for specialty drugs, and nearly 40% of that spend occurs in the medical benefit. Rigorous management across both benefits is critical to managing overall specialty spend. This webinar uncovered what is driving increased spend and what you can do about it.  Agenda: Deeper dive into specialty spend and what you can do about it Emerging trends in biosimilar …

https://www.epicbrokers.com/insights/epic-pharmacy-team-delivers-specialty-drug-trends/