Survey Shows 3rd Consecutive Decline in Comp Drug Costs

By David Dankwa, Senior ReporterA survey on prescription drug management in workers’ compensation, released Monday, shows drug costs declined an average of 3.9% last year, marking the third consecutive year of decline and a reduction in the pharmacy inflation rate of 21% during the past decade, according to CompPharma.Joe Paduda, the president of CompPharma, which conducted the survey for the 10th consecutive year, believes the decline has everything to do with an increase in “sophisticated utilization management and cost-containment strategies.”Indeed, CompPharma’s lat...