Philadelphia, PA – The National Conference of Insurance Legislators (NCOIL) took positive action during its Summer Meeting in Philadelphia this past weekend adopting a resolution in support of the extension of the Terrorism Risk Insurance Act (TRIA) and best practices for addressing opioid abuse and its impacts on workers compensation insurance, according to the Property Casualty Insurers Association of America (PCI).
For more than a year NCOIL has been investigating prescription drug overutilization which has become a national epidemic. According to the Centers for Disease Control & Prevention (CDC), enough prescription painkillers were prescribed in 2010 to medicate every American adult around-the-clock for one month. This issue has significant impact on increasing the cost of workers compensation claims. At the Summer Meeting NCOIL adopted best practices that are designed to address, opioid abuse, misuse and diversion.
“PCI supports the NCOIL approach at identifying best practices from states that appear to be making progress in addressing this issue,” said O’Brien. “It provides states with another tool to use in the development and implementation of effective strategies to combat opioid abuse.”
Source: PCI