3 forecasts for the PBM industry in 2022

Over the past two years, the global pandemic created significant changes in how we address access to and utilization of healthcare services. Implementing solutions to these evolving challenges can be costly. In fact, the Office of the Actuary at the federal Centers for Medicare and Medicaid Services (CMS) recently reported that U.S. healthcare spending rose to over $4 trillion in 2020 – the largest growth since 2002. And prescription drug spending alone increased 3% to $348.4 billion in 2020.

So what will the pharmacy benefit world look like in 2022? Will costs go down? Will PBMs take a more accountable and transparent approach to their pricing models? Here’s three forecasts that will impact the PBM industry this year. 

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MORE ABOUT DAVID

David Fields is the President and CEO at Navitus Health Solutions. He provides enterprise leadership and strategic direction for Navitus, collaborating with the executive management team to maintain Navitus strategic plan and to develop and direct its goals, policies and execution. David has held leadership positions on a number of boards, including the American Heart Association, American Red Cross, Labor-Management Council and the National Conference of Christians and Jews.