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WC Industry Shifting toward Cheaper Generic Drugs, Survey Finds

Monday, January 5, 2015 | 1618 | 0 | 0 min read

Generic drugs sometimes cost 90% less than their brand-name equivalents, and the workers’ compensation industry appears to be taking advantage of the savings. Percentage of prescriptions filled with generic drugs is up over 5% In a survey of 25 workers’ compensation payers, the pharmacy benefit management consortium CompPharma found that 81.2% of all prescriptions in 2013 were filled with generic drugs rather than brand-name medications. That’s up from 75.7% the year before. CompPharma President Joe Paduda said the trend helps underscore a movement away from costly bran...

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