News Bulletins

In neighboring news:

A ruling in the opioid epidemic case against Johnson & Johnson in Oklahoma is expected Monday. The highly anticipated bench trial hinges upon whether or not the Oklahoma attorney general’s argument that the company violated a “public nuisance” statute is deemed sufficient to justify the $17 million the state wants to address effects of opioid addiction and death.

Read more here.

In industry news:

Coventry recently released part three of its Annual Drug Trends Series. In part three of the series Coventry looks at opioids, which continue to decrease in proportion to overall scripts and costs, with favorable trends in Morphine Equivalent Dose (MED), duration of use, and access to guideline-supported measures including Medication-Assisted Treatment (MAT) and overdose rescue medications.

Read more here.

In economic news:

Jobs numbers were revised sharply down yesterday in new figures from the Bureau of Labor Statistics. The Bureau now expects that the economy created 501,000 fewer jobs as of March 2019. Although revisions for this data are common, reports indicate that this is the largest such revision since the Great Recession, which has fed concern about a looming downturn.

Read more here.

Upcoming events:

Louisiana Comp Blog Comp in Focus luncheon | 9/19/19 | Pascal’s Manale | Register

In national news:

Endo Pharmaceuticals settled the cases against it originating from two Ohio municipalities for $10 million, plus $1 million worth of donated diabetes and allergy drugs. Ohio had accused Endo of illegally marketing its opioid painkiller Opana and contributing to the state’s opioid crisis. A different, highly anticipated trial in Ohio against a range of pharmaceutical companies will begin in October, regardless of this settlement.

Read more here.

In industry news:

NAIC released the report from its 2019 Summer National Meeting, which took place August 3rd-6th. Topics include reinsurance collateral reform, capital standards, innovation and technology, annuity suitability and cannabis.

Read more here.

In medical news:

A new research paper published in this month’s edition of the Journal of Occupational and Environmental Medicine concluded that 15 or more physical therapy sessions in a workers’ comp claim is correlated with a four fold increase in the likelihood that the claim will result in six months or more of lost time. The study assessed 192,197 claims from a Texas workers’ comp insurer.

Read more here.

Upcoming events:

  • NOCA August Luncheon | 8/22/19 | Austin’s Seafood & Steakhouse | RSVP: nocareply@gmail.com
  • Louisiana Comp Blog Comp in Focus luncheon | 9/19/19 | Pascal’s Manale | Register

In medical news:

A new study indicates that virtual reality can help in the treatment of chronic pain. Researchers found that pain scores improved 3.04 with calming VR experiences.

Read more from Reuters here.

In safety news:

EHS Today is hosting a new webinar tomorrow, “Safety Incentives, Motivation, and Discipline: Balancing Legal and Practical Considerations to Boost Engagement and Drive Safety Culture.” The event will begin 1 PM CT.

Register here.