Washington, DC – Alison Cooper, Vice President for the American Insurance Association (AIA), recently issued the following statement in response to the passage of the 2017-2018 New York State Budget.
The budget brings some needed reforms to the state’s workers’ compensation system including the establishment of a drug formulary by the Workers’ Compensation Board (WCB) to be implemented no later than December 31. In November 2016, AIA advocated for the creation of a drug formulary in comments to the WCB.
Ms. Cooper’s statement:
“The establishment of a workers’ compensation drug formulary and legislation governing the use of TNCs were among AIA’s top legislative and regulatory priorities for New York this year. AIA thanks Governor Cuomo and the Legislature for their hard work passing the 2017-2018 budget and commend the inclusion of language to establish a drug formulary and to regulate ridesharing in the state.
Drug formularies have proven effective in reducing costs to the system while at the same time ensuring that injured workers continue to receive care. In particular, a formulary can help address the problem of opioid use and abuse, which unfortunately remains one of the most pressing issues facing workers’ compensation systems nationwide, including in New York.”