Introduction of Drug Formularies Sheds Light on Comp Costs

Studies released Thursday by the Workers Compensation Research Institute show how the adoption of drug formularies in five states affected workers' compensation costs. The studies looked at the effect of formularies on prescription drug utilization and associated costs in the Arkansas, California, Indiana, Kentucky and New York comp systems. All five states adopted prescription drug formularies between 2018 and 2019. They are now among a total of 17 states across the U.S. that have comp drug formularies, which are lists of brand name and generic drugs approved to treat work-related injur...