California Workers’ Comp Could Save Millions with Prescription Drug Formularies

  Wednesday, October 8th, 2014 Source: Insurance Journal

Adopting a state-mandated workers’ compensation prescription drug formulary similar to systems in place in Texas and Washington could reduce California workers’ comp pharmacy payments by between $124 million and $420 million per year, according to a California Workers’ Compensation Institute study shows. “Formularies are relatively new in the discussion of workers’ compensation,” CWCI President Alex Swedlow said.

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