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CWCI Studying Potential Benefits of Formulary
03/21/2014
painkillers.
An answer could come in about a month when CWCI publishes results of a study evaluating what pharmacy costs would be in California if it used a formulary similar to those in Texas or Washington state according to Rena David senior vice president of research and operations.
Initial results
Category: News
Carriers and PBMs Want Tighter Controls of Compounded Drugs
01/09/2014
By Michael Whiteley Southern Bureau Chief
Pharmacy benefit managers and insurance carriers are calling on the newly created Oklahoma Workers' Compensation Commission to tighten controls of compounded drugs in its proposed closed drug formulary.
The American Insurance Association the Property
Category: News
Countdown on 'Legacy Claims' in Formulary Starts Saturday
08/31/2012
By Bill Kidd Central Bureau Chief
Workers' compensation carriers will have one year after Saturday until the Texas Division of Workers' Compensation's closed formulary rules on so-called "legacy claims" kick in and seven months to complete notifications to doctors and pharmacies about preparing
Category: News
Analysis Says Closed Formulary Reducing 'N' Drug Use
01/26/2012
potentially addictive and expensive Class II narcotics hypnotics and compound drugs that contain N ingredients. The federal Drug Enforcement Administration classifies drugs based on their medical uses and potential for addiction or dependency.
The formulary which was mandated by the Texas Legislature
Category: News
DWC Issues Reminder of Closed Formulary Requirements
08/09/2011
The Texas Division of Workers Compensation has issued a reminder to workers compensation system participants of provisions and requirements of the closed formulary rules scheduled to take effect on Sept. 1.
The closed formulary was required by the Legislature under House Bill 7 passed in 2005
Category: News
WCRI Says Prescription Policies a Model for Other States
07/15/2011
states in the study.
The report compares pharmaceutical costs in Washington California Florida Illinois New York Texas Iowa Louisiana Massachusetts Maryland Michigan Minnesota North Carolina New Jersey Pennsylvania Tennessee and Wisconsin.
WCRI said the median prescription cost per claim
Category: News
PMSI Reports Drop in Prescription Cost for 2010
05/04/2011
of 2006 to 12 in the first quarter of 2009.
Lawmakers in California are currently looking at establishing a fee schedule to cover reimbursement for prescription drugs. The PMSI report however highlights the approach by lawmakers in Texas who approved a closed formulary that goes into effect in
Category: News
Pharmacy Benefit Manager Cites Compounding as Formulary Concern
09/21/2010
compound drug may contain no 'N' drugs does not make it appropriate and effective. There are legitimate concerns that two 'Y' drugs could actually be dangerous rather than more effective."
The Insurance Council of Texas also wants the formulary to include provisions to require that compounded drugs be
Category: News
NCCI Says Extent of Savings from Closed Formulary Is Unclear
08/07/2009
A study by the National Council on Compensation Insurance NCCI concludes using the Official Disability Guidelines ODG prescription drug formulary would decrease costs in the states workers compensation system but NCCI cannot calculate the extent of those savings.
The Texas Division of
Category: News
Stakeholders Begin Reviewing Draft Prescription Formulary Rules
06/16/2009
Stakeholders have begun analyzing the Texas Division of Workers Compensations new informal draft rules for a proposed prescription drug formulary mandated by the 2005 workers compensation reform legislation with comments due by July 10.
The draft rules tie the proposed formulary to the
Category: News
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