Pharmaceutical price increases slowing

Joe Paduda finds the price inflation is slowing for drug purchased through Workers Comp programs.

“Drug trend continues to moderate, with inflation in 2007 coming in at 4.3%. That’s a big improvement over last year’s 6.5%, which was a big improvement over the previous year’s 9.5%…”

One reason for the price decline may be that more people are using generic drugs. The percentage of prescriptions filled with generic “looks to be in the high seventy percent range.”

Mr. Paduda is also compiling his Fifth Annual Survey of Prescription Drug Management in Workers Comp which I am sure will be an interesting read.