CompPharma’s 12th Annual Survey of Prescription Drug Management in Workers’ Compensation Reveals Increased Drug Spend

MAGGIE VALLEY, N.C.–(BUSINESS WIRE)–Payers responding to CompPharma’s
12th Annual Survey of Prescription Drug Management in
Workers’ Compensation
reported an increase of 6.4 percent in their
2014 drug spend.

“This increase is significant, especially in light of last year’s survey
showing a 3.8 percent decrease in spend,” said CompPharma’s President
Joseph Paduda.

This was the first increase since 2009, when payers reported an increase
of 9.4 percent. Respondents cited prescribing behavior, narcotics and
the growth in prescriptions for compounds as the main cost drivers.

Long-term opioid use retained its spot as payers’ number one issue. Some
respondents voiced concerns over the FDA’s apparent willingness to
increase the availability of opioids. The introduction of
“abuse-deterrent” opioids and evidence of some patients’ determination
to overcome their deterrent components were discussed. Payers remain
extremely concerned about opioid dependency and addiction.

Compounds and physician dispensing were also on payers’ radars. Most of
the physician dispensing comments surrounded patient safety, including
the fear that injured workers may take duplicative or very similar drugs
or more opioids and have longer claims durations.

“Continuing a pattern we’ve seen for years, payers remain quite
concerned about pharmacy,” Paduda said. “This is likely due as much to
drugs’ impact on claim duration and total cost as it is to the price of
drugs.”

The survey is the most comprehensive available and includes current data
on drug costs and key metrics as well as top workers’ compensation
payers’ perspectives on pharmacy management. A complimentary copy of the
2015 survey can be downloaded from www.comppharma.com.

About CompPharma

Established by industry consultants Joseph Paduda and Helen Patterson,
CompPharma, LLC is a consortium of workers’ compensation PBMs active in
workers compensation. More information is available at www.comppharma.com
or by contacting Helen Patterson at 813-690-4787 or hpatterson@comppharma.com.

Contacts

CompPharma
Helen Patterson, 813-690-4787
hpatterson@comppharma.com