Workers' compensation insurance writers saw total pharmacy spending per injured worker in 2009 rise 6.5 percent, according to a report by a risk management services firm.
The report by the Tampa, Fla.-based PMSI–"2010 Annual Drug Trends Report"–found that a 4.7 percent increase in prescription prices and a 1.7 percent net change in utilization were responsible for the growth in total pharmacy spending.
The main influence driving prescription drug prices was a 6.3 percent rise in the Average Wholesale Price, the report noted, while the utilization change was related primarily to a 2.2 percent increase in the days of supply per prescription.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.