Employer coverage for weight-loss drugs rises sharply, survey finds
NEW YORK - About one-third of U.S. employer health plans are offering coverage of GLP-1 drugs for both diabetes management and weight loss, up from last year, according to a survey of global employers released on Thursday by the International Foundation of Employee Benefit Plans.
GLP-1 drugs promote weight loss by reducing appetite and causing the stomach to empty more slowly. First approved to treat diabetes, Novo Nordisk (NYSE:Some 57% of employers surveyed cover the drugs only for diabetic care. Of those, 19% are considering offering the drugs for weight loss. Obesity's association with chronic and higher-cost conditions, as well as consultant recommendations were most frequently cited as factors for employers considering covering GLP-1 drugs, the report said.
Insurer resistance to covering the drugs is a limiting factor for sales growth for drugmakers, according to a December report by Morgan Stanley. Of the 110 million Americans with obesity, 40 million can currently access GLP-1 drugs for weight loss through their healthcare plans, the report said.
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