Latest Formulary Requires Approval for All Compounds; Drug Fee Schedule Adopted

The New York Workers' Compensation Board took a page from other states' experience in proposing to require preapproval for all compounded drugs, not just those with certain ingredients. The proposed revision to the formulary rules is good news to insurers, pharmacy benefits managers and employers that have complained about the ways some doctors and compounding pharmacies around the country have devised to charge eye-popping prices for compounded pain creams. “This closes a sizable loophole in the proposed regulations,” said David Price, director of government af...