FAIR Health, a nonprofit agency whose mission is to provide transparency on healthcare and health insurance costs and information, released a whitepaper that details the steep rise in costs related to opioid misuse and dependence over the past five years. Between 2011 and 2015, professional charges for services provided to opioid abusive or dependent patients for by 1,000 percent. Professional charges totaled $71.66 million in 2011 to 721.80 million in 2015. The allowed amounts for these services (the maximum that an insurer will pay) went from $32.42 million in 2011 to $445.74 million in 2015 – an increase of 1,375 percent.
Read more and access the whitepaper via WC Insights here.