IBX will no longer cover drugs like Ozempic when they are prescribed solely for weight loss
Dec. 24—Starting in the new year,
The drugs' high costs have caused an increase in premiums that "affect all members, whether they utilize weight loss drugs or not," IBX said in a statement Tuesday.
The decision was posted on IBX's website in November and drew local press coverage this week. The company noted that several other insurers have made similar decisions in recent months when it announced the change last month.
"The cost of these drugs in the
Without insurance, the drugs can cost
The high prices in
IBX's decision applies to all drugs prescribed only to help a patient to lose weight and not to treat any other conditions. The rule takes effect on
That includes a class of extremely popular drugs known as GLP-1 receptor agonists, now prescribed to about one in eight American adults. They mimic the effects of the GLP-1 hormone to regulate blood sugar levels. Some are approved by the
Many doctors have prescribed them to patients who have struggled to lose weight and say such drugs have changed their lives. In areas where insurers previously have dropped coverage, many patients and physicians have criticized that decision as shortsighted. They say it cuts off patients from medications that often improve their health more effectively than other drugs or lifestyle changes alone.
The
Still, other patients have raised concerns about the drugs' potentially harmful effects: In Philadelphia, a federal court case is underway against major GLP-1 drug manufacturers, brought by patients who say the companies did not adequately warn them of serious side effects.
Exorbitant prices
In its final weeks in the
Though it will not take effect before Biden leaves office, the administration proposed a new rule that would define obesity as a chronic health condition and cover GLP-1 drugs for people who are obese, even if they don't have diabetes.
It's unclear whether a Trump administration would approve the rule. President-elect
But
But, at the same time, private insurers and several state Medicaid plans have begun restricting coverage of the drugs, citing their high costs.
The state does restrict its coverage of the drugs: To obtain coverage, Medicaid patients must also have Medicare and meet other health qualifications, including having a body-mass index of at least 30 and at least one weight-related health problem.
In the
What IBX patients should do next
IBX said that patients should talk to their doctors about other ways to obtain GLP-1 drugs if they are losing coverage. Health savings accounts or flexible spending arrangements may be able to cover the drugs, they said.
And patients with medical conditions like diabetes and heart disease can still get coverage for weight-loss drugs through IBX.
"This change only applies to weight loss drugs (e.g., GLP-1 and non-GLP-1 drugs) when they are prescribed solely for weight loss and not for any other medical conditions that the FDA has approved them for," the company said in a statement.
The company also encouraged patients with IBX plans to use "nonprescription options" for weight loss like behavioral health, nutritional counseling, reimbursement for gym memberships, and bariatric surgery.
Staff writers
___
(c)2024 The Philadelphia Inquirer
Visit The Philadelphia Inquirer at www.inquirer.com
Distributed by Tribune Content Agency, LLC.



Gold Forecast: Gold Holds Near $2,600 – 27 December 2024
Attorney General James Secures $500,000 from Auto Insurance Company Over Data Breach
Advisor News
- Cryptocurrency legislation takes one step forward with bipartisan support
- IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
- The hidden flaw in insurance AI adoption for advisors and carriers
- Rising healthcare costs impact 401(k) accounts
- What advisors think about pooled employer plans, alternative investments
More Advisor NewsAnnuity News
- How annuities can help protect retirees from financial scams
- MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
More Annuity NewsHealth/Employee Benefits News
- Candidate Janoo
- The United States might be the best place to build universal health care
- Paid family leave would benefit Florida’s workers, advocates say
- The United States might be the best place to build universal healthcare
- THE MEDICAL FRAILTY EXEMPTION FROM MEDICAID WORK REQUIREMENTS: KEY ISSUES TO WATCH FOR IN UPCOMING CMS GUIDANCE
More Health/Employee Benefits NewsLife Insurance News
- U-Haul Holding Company Reports Fiscal 2026 Financial Results
- Symetra Honored as 2026 ‘Community Champion’ by the Puget Sound Business Journal
- Kyle Busch attorney rips ‘false narrative’ around life insurance coverage
- Data verification: Modernizing life insurance for the digital consumer
- The hidden risks of indexed universal life and what advisors should know
More Life Insurance News