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CompPharma Survey Shows WC Drug Costs Continue to Drop

By William Rabb (Reporter)

Thursday, July 12, 2018 | 644 | 0 | 74 min read

Workers' compensation prescription drug costs dropped almost 10% last year and the trend is likely to continue, according to an annual survey of 29 insurers, self-insured employers and third-party administrators. The report from CompPharma, a pharmacy management research firm headed by consultants Joe Paduda and Helen King Patterson, shows that in the last eight years, drug costs have dropped more than 31%, saving payers about $1.1 billion. "The takeaway is that while respondents are concerned about opioids, prices, compounds and other specific issues, in general, they see phar...

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