WCRI issued a FlashReport on how a Texas-like closed formulary might affect the prevalence and costs of drugs prescribed to Louisiana state employees. It does not study the impact of a drug formulary on patient outcomes and overall medical costs or estimate the potential cost savings for all workers’ compensation claims in the state. However, it does provide a broad range of estimates that depend on different assumptions regarding prescriber behavior (e.g. decline in Rx overall, rate of substitution of Rx) in adopting a Texas-like formulary.
Purchase the report here.