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PepsiCo Cuts Weight-Loss Drug Coverage
25 Aug
Summary
- PepsiCo employees were notified this week about benefit changes.
- Coverage for weight-loss drugs will cease starting October.
- Skyrocketing costs are cited as the reason for the cut.
Effective October, some PepsiCo Inc. employees will find their company health insurance no longer covering prescription weight-loss drugs. Employees were notified of this change this week.
According to company communications, prescription weight-loss medications have rapidly become a significant and growing expense within PepsiCo's health plans. This surge in costs has led to the decision to eliminate coverage for these treatments.
The company has not provided further details on alternative support or reasons beyond the noted increase in healthcare expenditures.
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