Marketplace®

Daily business news and economic stories

Demand for weight loss drugs is rising, though many insurers won’t cover them

The drugs are expensive out of pocket. Even with insurance, high co-pays can also limit who has access to them.

Download
Despite list prices from around $1,000 to $1,500 a month, weight loss drugs have surged in popularity over the past year.
Despite list prices from around $1,000 to $1,500 a month, weight loss drugs have surged in popularity over the past year.
Kevin Mohatt for The Washington Post via Getty Images

It’s rare to turn on the TV or scroll the internet these days, without hearing about some kind of weight loss drug.

“You see celebrities talking about them, taking them. It’s on late night talk shows,” said Stacie Dusetzina at Vanderbilt University Medical Center.

Lots of regular people are getting their hands on them too, she said. “The companies are selling so much product that they’re having a really hard time keeping up with manufacturing.”

It’s been a big year for weight loss drugs: Prescriptions for Wegovy from Novo Nordisk have increased by 100%; meanwhile, prescriptions for Zepbound from Lilly have increased by 300%, according to a recent report from GoodRx.

Thing is, these drugs are expensive — list prices are generally $1,000 to $1,500 a month, Dusetzina noted. And that expense is often paid out of pocket, pointed out Cynthia Cox at the health policy nonprofit KFF.

“Most health insurance will either not cover the drug or will significantly limit it,” she said. That includes Medicare, Medicaid and private insurance.

Less than 20% of employer-sponsored plans cover these medications. “And in the ACA marketplaces or Obamacare markets, almost no plans cover them for weight loss,” Cox said.

And the plans that do cover them don’t necessarily guarantee affordability, per GoodRx’s Tori Marsh.

“People tend to assume, ‘I have insurance, I’m covered, I’m going to be paying my normal co-pay.’ And that doesn’t seem to be the case, unfortunately, for these medications,” she said.

With insurance, she added, the weight loss drugs can still cost over $2,500 a year.

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    10 minutes ago
    6:39
  • Marketplace Tech
    an hour ago
    9:11
  • Million Bazillion
    an hour ago
    28:24
  • Marketplace
    13 hours ago
    26:08
  • Make Me Smart
    17 hours ago
    16:46
  • How We Survive
    4 days ago
    25:04
  • This Is Uncomfortable
    4 days ago
    26:12
  • Financially Inclined
    3 months ago
    12:30
  • The Uncertain Hour
    4 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58
Demand for weight loss drugs Wegovy, Zepbound surged this year - Marketplace