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2024 Trends in Specialty Drug Benefits Report

PSG announces the results of its extensive research on the latest trends in specialty drug benefits.

This exclusive research offers comprehensive insights to assist employers, health plans, labor groups, and other plan sponsors in overseeing specialty drug benefits. This report details a wide range of specialty drug benefit design choices, financial and clinical strategies, goals, challenges, concerns, and needs.

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Key Findings

  • Specialty Rebates: Receipt of pharmacy rebates remains high, and receipt of medical rebates is rising.
  • Biosimilars: Around a third of plans have a Humira biosimilar in a preferred position.
  • Cell and Gene Therapies: Most respondents believe affordability of gene therapies will be a moderate or major challenge for their organization in the next 2 to 3 years.
  • Top Challenge:​​​​​​ Access to reliable data on the total cost of care of medications.
  • Top Goals: Manage total cost of care and manage overall specialty trend/specialty drug costs 

Preview the 2024 Trends in Specialty Drug Benefits Report

About the Researchers

Morgan Lee

Morgan Lee, PhD, MPH, CPH

Morgan Lee is a dynamic behavioral scientist and research leader with over 15 years of quantitative and qualitative research and evaluation experience in health and…
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Renee Rayburg, RPh

Where others see ordinary data, Renee sees exceptional insights. Her 30+ year career began with a Pharmacy degree from Duquesne University followed by several jobs…
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Rebekah Gregg, MBA

When Rebekah Gregg began working at a hospice provider after college, she found more than a job—she found a calling. Ever since then, Rebekah’s passion…
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Mike Medel

Michael Medel, PharmD, MBA

With over 25 years in Pharmacy, there’s not much that Mike Medel hasn’t seen or done at this point in his career. As the Senior…
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Michael Lonergan, RPh

How many people started their career in pharmacy at the age of 14? Michael (Mike) Lonergan began working in his small-town drug store as a…
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