Those Nutrition Facts labels are, to use a technical term, crap.
There are precisely 3 pieces of useful information on these labels. Everything else ranges from useless to misleading.
And yet how often do you read those labels when selecting a product? And do you ever not believe the information on them? Well, it’s time to start reading these labels critically.
The food companies are “teaching to the test.” They are maximizing the perception that their products are healthy, instead of actually trying to create healthy products. Often the two goals are at odds with each other.
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Oprah’s on Ozempic! Here’s how much that will cost you.
For better or worse, Oprah has been American’s biggest weight loss influencer since the liquid diet fad in the late 1980s. [SPOILER ALERT: That diet didn’t work.]
And now she’s all in for Ozempic. Of course, her regimen also includes significant exercise and presumably enough means to afford a healthy diet, but those nuances will likely be lost on your employees jumping on the GLP-1 bandwagon in hopes of a magic bullet.
Magic bullet or not, never before in the history of healthcare has anything – any drug, procedure, test, anything – combined this much effectiveness, popularity…and cost. Indeed, this single class of drugs will likely add 10 basis points to the overall US inflation rate in 2024. (You heard it here first, folks.)
Assuming you cover these drugs for weight loss, how you manage them will have a significant impact on not just your drug costs, not just your healthcare costs, but actually your entire compensation costs. In turn, private sector companies could feel a margin squeeze of about 1%, as this link shows.
You might say: “Well, we covered them in 2023 and costs didn’t go up that much.” Perhaps, but that was when these drugs were in shortage.
And also pre-Oprah. Holding back the weight loss drug coverage tide just got that much harder.
SPOILER ALERT: This is the ideal use case for Quizzify.
They Said What? 