PMSI Report Says WC Drug Costs Rose 12% in 2007

Annual workers' compensation pharmacy spending increased nearly 12% in 2007, mostly because of increased utilization, according to the 2008 Annual Drug Trends Report, released by PMSI on Monday.PMSI said the report identifies key areas where pharmacy benefit managers and payers should focus the majority of their mitigation efforts for optimal cost containment. It provides analysis of PMSI’s workers’ compensation database, including pharmacy transactions between 2003 and 2007. PMSI said the survey analyzed 12 million transactions for nearly 1.5 million injured workers, totaling ...