State Policies Affecting the Cost and Use of Pharmaceuticals in Workers" Compensation
Read Online

State Policies Affecting the Cost and Use of Pharmaceuticals in Workers" Compensation A National Inventory by Richard A. Victor

  • 934 Want to read
  • ·
  • 7 Currently reading

Published by Workers Compensation Research Institute .
Written in English


  • Insurance - General,
  • Business / Economics / Finance

Book details:

The Physical Object
FormatPerfect Paperback
Number of Pages135
ID Numbers
Open LibraryOL12329596M
ISBN 10193190653X
ISBN 109781931906531

Download State Policies Affecting the Cost and Use of Pharmaceuticals in Workers" Compensation


Use & Cost Pricing & Payment Pharm. Utilization & Management PBMs Transparency & Disclosure 20 20 31 21 15 21 18 11 Access-State policies that affect the way in which patients obtain prescription drugs, including their availability through public or private health facilities or .   E ven before the Affordable Care Act became law, about 90 percent of the conversation and criticism of it was about coverage. Little has been said about its ability to control costs.   In addition, excess administrative costs (see fact 10) and generally higher wages for highly educated workers in the United States contribute to relatively high U.S. prices.   Highest-cost pharmaceuticals, by unit price 16 Highest-cost pharmaceuticals, by total expenditure 16 An analysis of departments of corrections’ highest-cost drugs 17 18 Comparing high-cost prison pharmaceuticals to utilization by other populations 21 The importance of health re-entry planning for individuals.

Georgia and Ohio have the most aggressive voluntary law with workers’ compensation premium discounts up to 7% for Ohio and % for Georgia. Other States with voluntary drug free workplace laws include Alabama, Alaska, Arizona, Arkansas, Florida, Idaho, Kentucky, Mississippi, South Carolina, Tennessee, Utah, Virginia, and Wyoming. Cost is a major concern in workers’ compensation. Depending on the state, prescription costs average anywhere from 11% to 17% of the medical portion of a claim. Because of this, many stakeholders have worked hard to reduce the cost impact that medications have on the system. One avenue to reduce costs has been formulary development. This is a workers compensation law, rules and regulations directory for each of the fifty states. On this state workers compensation rules directory you’ll find on these pages a great deal of free information about each individual state workers compensation laws, rules and regulations that was compiled for use by employers and insurance professionals alike.   Small Deductible Policies. Using small deductible policies can be a great cost-saving technique in some states. One of the long standing assumptions I had made was that small deductible policies really did not make that much of a difference to the cost of a Workers Comp deductible policies had a deductible in my observations of $2, or less.

A. Plan And Develop A Clear And Comprehensive Drug-Free Workplace Policy The first step in becoming a carrier certified workers' compensation drug-free workplace will be to plan, organize and develop your drug-free workplace policy. One time only, prior to any testing, this policy must be provided to all employees and job applicants. Drug formularies are lists of prescription drugs that are considered appropriate and cost-effective for certain medical conditions or injuries. Developed by medical practitioners, formularies are designed to cover work-related injuries seen by a workers compensation lawyer Chicago and include both generic and brand name drugs. Currently, five states have state-regulated drug formularies in place. In .   compensation benefits or policy changes that make it harder for workers to receive benefits. These cuts and policy changes may be shifting some of the costs associated with workplace injuries, illnesses, and deaths away from the employer and to the employee or social programs. To manage specialty-drug costs, 67 percent of respondents have established utilization management programs, and 55 percent use step-therapy protocols, up from 45 percent and 34 percent.