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Generic Drug Price Inflation Slows Down in 2015
09/04/2015
After generic drug prices for injured workers inflated rapidly last year multiple sources are reporting that the inflation slowed down in the first half of 2015.
The average price of generics increased 2.6 during the second quarter of 2015 compared to an average price increase of 25.7
Category: News
Helios: Prescription Cost per Claim in 2014 Increased for first Time in a Decade
04/02/2015
-2014
The primary driver of the trend appears to be inflation in the average wholesale price of generic medications. Generic medication prices had a 10 inflation rate last year compared with a 0.7 rate the prior year Helios said.
The inflation was primarily driven by some of the most
Category: News
Helios Drug Report Shows Increase in Generic AWP Inflation , Drop in Opioid Utilization
04/23/2015
The average prescription cost per claim for workers' compensation patients increased for the first time in more than a decade driven by an increase in overall average wholesale price inflation and a sharp one-year increase in AWP inflation for generics according to a drug trend report by
Category: News
Generic Drug Price Inflation Appears to Have Hit Opioids Harder
01/29/2015
specifically to injured workers.
The causes behind generic price inflation remain elusive. Burkett wrote that the reasons the price of a generic medication might rise varies depending on the drug. One of the drugs on the congressmens report digoxin was manufactured by only two companies Burkett said in
Category: News
States' Lawsuit Accuses Manufacturers of Generic Drug Price -Fixing
05/14/2019
those sticker prices are being collusively inflated then that definitely hits the bulk of WC payers Orsborn said.
The allegations of price-fixing among drug makers were hardly shocking to some.
We have seen over the last several years persistent and inexplicable inflation in generic drug
Category: News
Institute Hosts Webinar on Coping With Drug Price Inflation
11/19/2015
director of analytics. The webinar begins at 130 p.m. EST.
The average wholesale price for medications fluctuates but 2014 saw unprecedented growth especially for generic medications according to the institute. While a PBM cannot control the AWP costs can be mitigated and drug use controlled
Category: News
Study Finds WC Drug Costs Rose in 2014
10/07/2015
costs prescribing of opioids increased use of compound drugs and physician-dispensed medications.
In addition steep price increases for certain generic drugs contributed to the results according to CompPharma President Joseph Paduda.
The 12th annual study Prescription Drug Management in
Category: News
Report Shows Modest Drug Price Increases in Comp
07/14/2023
Holding Co.
MyMatrixx said the data showed that comp drug price increases are far below the 5.44 inflation rate reported by the U.S. Bureau of Labor Statistics consumer price index.
Analysts using MyMatrixx data only also found that traditional drugs such as opioids nonsteroidal anti
Category: News
Winning the Pharmacy Game Takes Blocking, Tackling
02/10/2007
prescriptions from drug providers and pharmacies. PBMs negotiate rates for brand and generic medications based on a percentage off of the average wholesale price AWP of the medication and think that they've done all they can to secure the best rate. What they don't realize is there are other things they can
Category: Industry Insights
Study Shows Drug Costs Up 7.5% in Trend Reversal
12/11/2009
By Bill Kidd Central Bureau Chief
billkiddtexas.net
After declining for five years drug cost inflation in workers compensation is increasing by 7.5 based on 2008 data a new study by Health Strategy Associates reports -- and costs may continue to escalate.
Health Strategy Associates will
Category: News
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