Express Scripts trims workers' compensation drug spending by use of generics
Findings are covered in Express Scripts' 2007 Workers' Compensation Drug Trend Report.
Express Scripts slashed its growth in spending for prescription drugs by workers' compensation plans from 11.4% in 2006 to 6% in 2007. The St. Louis pharmacy benefit manager attributed the spending slowdown to a record-setting, fourth-quarter generic utilization rate of 69% by workers' compensation plans. How has Express Scripts managed to increase generic use to such a great extent? By contacting physicians who write dispense-as-written prescriptions assiduously, by promoting generic drugs through step therapy programs, and other measures, the PBM said. Express Scripts added that thanks to greater use of on-line claim submissions by pharmacies, use of the retail network by injured workers reached 90% in the fourth quarter. These findings are covered in Express Scripts' 2007 Workers' Compensation Drug Trend Report.
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