Workers’ Comp Drug Cost on the Rise
A new report says workers’ compensation pharmacy costs continue to increase despite the steady decline of injury rates over the past several years. The report comes from PMSI, a Tampa-based provider of specialty products and services for the workers’ compensation market. The report shows pharmacy costs increased by 5.4 percent in 2008, and 3.3 percent in 2007.
Pharmacy costs represent 14 percent of all medical spending.The 2008 increase was primarily due to average wholesale price increases aswell as reduced availability for generic versions of drugs such as Oxycontin.
The five most prescribed drug types were narcoticanalgesics, anticonvulsants, non-steroidal anti-inflammatory drugs, skeletal muscle relaxants, and antidepressants. Those five classes represented 70percent of pharmacy costs and 74 percent of total transactions in 2008.
If you or someone you know has been injured on the job please contact the Raleigh workers’ compensation attorneys of Scudder Seguin, PLLC by calling (919) 851-3311.