Factors Affecting Medical Cost Trends: Inflators

Factors Increasing Healthcare Spending Growth:
Specialty Drugs

Widespread adoption of generic medicines has helped dampen medical inflation, but the rise of expensive complex biologics will nudge spending trends upward. Approvals of new biologics now outpace traditional therapies, and that pattern will continue in 2014 as research efforts target complex cases such as cancer.

Specialty drug costs cancel out generic drug savings
"Specialty drugs offer great promise for today's deadliest diseases -- and a growth opportunity for the life sciences sector. Pairing these with companion diagnostics can help ensure the right therapies reach each patient."

—James Prutow,
PwC Principal

How pharmaceutical companies are filling the innovation gap by addressing the molecular pathways of diseases.

Felix Freuh,
Entrepreneur in Residence,
Third Rock Ventures