March 20, 2018

WorkCompRecap: Pharma Findings!

Today’s issue of WorkCompRecap features CompPharma’s release of the 14th edition of its Annual Survey of Prescription Drug Management in Workers’ Compensation, which analyzes the pharmacy cost data of 23 workers’ comp insurance carriers, TPAs, self-insured employers, and state funds.

Key findings in this latest edition included an average 11% reduction in payers’ pharmacy spend in 2016, driven by a 13.3% reduction in opioid cost. CompPharma noted that in working with PBMs, payers cut one of every six dollars in their opioid spend, which the report called a “truly remarkable result,” and evidence that efforts by many stakeholders in the process are paying off. Despite improvements, the report notes that payers remained highly concerned about the risk of addiction or dependency for claimants taking opioids.

Find out more (including a link to the free report!) by clicking here!

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