Increasing use of generic drugs has led to the first annual overall decrease in workers' compensation pharmaceutical costs, according to a survey from The Hartford.
This dip, based on the company's research data, is linked in part to the greater availability of generic substitutes, especially for the most popular and expensive name-brand drugs.
The Hartford survey is the second recent research finding of its kind. Last month the NCCI reported that acceleration of comp prescription drug costs was showing signs of moderating and in 2004, their most recent year for data, the rate of increase was 8.2 percent, down two points from 2003 when the rate was 10.2 percent.
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