Rising use of weight-loss and diabetes medicine boosts earnings for Cigna

The sharp uptick in use of medicine like Novo Nordisk A/S’s Ozempic and Wegovy, and Eli Lilly & Co.’s Mounjaro is elevating alarms about prices to well being insurers, employers and authorities packages that pay for them.

Evernorth Chief Government Officer Eric Palmer mentioned the corporate just lately launched a brand new program to carry collectively administration of diabetes, weight problems and cardiac-health circumstances.

For weight-loss specifically, the brand new class of medicine is going through some resistance from health-care purchasers. Most personal and public insurers aren’t but satisfied that weight-loss medicine are value masking.

Thus far, only a quarter of personal insurers cowl the medicines, and lots of of them prohibit how lengthy sufferers can take them or require proof that sufferers first tried different weight-loss strategies. Medicare would not cowl weight-loss medicine, although Congress is contemplating laws to require this system to take action.