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Is Regulation the Answer to Rising Pharma Costs?

National pressure has been building for government regulation on pharmaceutical costs.  A recent poll from the Kaiser Family Foundation found that 72% of Americans think drug costs are unreasonable and demand more transparency from drug companies, especially when it comes to how they set prices.(1) In the face of this discourse, the accountability of pharmaceutical companies has grown as a key focus of recent state and federal regulations.

In the state of Vermont, expensive prescriptions drugs distributed by manufacturers must now justify their exorbitant costs, according to a newly […]

By |August 30th, 2016|Medical Cost Containment, Pharmaceutical Cost Containment, Workers Compensation Payers|Comments Off on Is Regulation the Answer to Rising Pharma Costs?
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    The Importance of a Multifaceted Approach to Medical Cost Containment

The Importance of a Multifaceted Approach to Medical Cost Containment

The biggest hurdle in workers’ compensation medical cost containment is that the injured worker is not getting better. Even though WC claims have steadily declined over the last decade, medical costs keep rising as do the sub-par outcomes for the patient and the payer. What we are seeing is that the inter-connectivity of many factors is hindering the end goal of optimized outcomes. A multidimensional approach is crucial not only for combatting pharma costs, but also for ensuring optimal outcomes for injured workers.

At the end of the […]

By |August 15th, 2016|Medical Cost Containment, Pharmacotherapy Review, Workers Compensation Payers|Comments Off on The Importance of a Multifaceted Approach to Medical Cost Containment