Today’s issue of WorkCompRecap features CompPharma’s release of its 15th Annual Survey of Prescription Drug Management in Workers’ Compensation, which found that that pharmacy costs in workers’ comp have decreased by $1.1 billion during the past eight years.
Joe Paduda, president of CompPharma, noted that pharmacy is no longer fastest-growing segment of work comp medical expenses, as regulators and PBMs have been extremely successful in reducing drug spend, much more so than other payers. Respondents for example reported a 9.84% decline in total pharmacy costs during the past year, while the national spend across all payer types decreased by only 2.1%. Despite the improvements, payers say they remain focused on managing opioids, and there are still too many patients using them, and addiction and dependency remain major risks.
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