Prescription drug formularies, once a rarity among state workers’ comp systems, could stand to expand to upwards of ten states in the coming years. California is the latest system to institute a formulary, while Texas, Oklahoma, Washington and Ohio have had one in place for some time. Some stakeholders have touted cost savings data and lower rates of opioid prescriptions coming out of the first handful of formulary states as reasons to expand the method. Louisiana is one of several states considering a formulary of some kind right now, joining North Carolina, South Carolina, Nebraska, Tennessee, Maine and Montana. Most of the data regarding formulary effectiveness on a cost-savings level comes from Texas and Oklahoma.
Read more about the movement from Claims Journal here.
Interested in formulary issues and how Louisiana fits in? Join the debate at Louisiana Comp Blog’s next “Comp in Focus” luncheon on 11/17. Register here.