Does Flawed Benchmark Drive Up WC Drug Costs?

But one factor considerably driving up the numbers is significant inflation of one particularly critical benchmark--the Average Wholesale Price--used in a majority of states for determining workers'

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The cost of brand-name prescription drugs used to treat workers’ compensation injuries are being inflated in many states because of a reliance on a flawed and inconsistent benchmark.

Recommended Stories

How to teach next-gen workers to compete in insurance

Jeff Arnold | December 06, 2019

To successfully lead the next generations, you have to change your expectations and accept the new working mindset.

People on the move in the P&C insurance industry: Dec. 6, 2019

Denny Jacob | December 06, 2019

News from Marsh, Burns & Wilcox, Philadelphia Insurance Companies and more.

Excerpts from: Detect claims fraud with increased accuracy and efficiency

Sponsored By: Shift Technology | December 06, 2019

In this episode, we’re bringing you highlights from the recent webcast “Detect claims fraud with increased accuracy and efficiency,” which took place in November and featured Shift Technology’s Kamala Wedding and Assurant SIU’s Anthony Gaytan.

Resource Center

Learn how the success of one company in better training and support of their agents pushed them ahead of the competition.

Case Study

Sponsored by KPA

In a Crowded Market, Leavitt Group Finds a Key Differentiator

Learn how the success of one company in better training and support of their agents pushed them ahead of the competition.

Browse More Resources ›

To get out of silos and move your business forward, you may want to consider a shared-services model. Discover how it could revolutionize your day-to-day operations.

White Paper

Sponsored by Canon Business Process Services

Insurance Best Practices: Leverage a Shared-Services Model for Savings

To get out of silos and move your business forward, you may want to consider a shared-services model. Discover how it could revolutionize your day-to-day operations.

Browse More Resources ›

While most people don’t enjoy going to the dentist, the way dentists typically approach their patient relationships can offer valuable guidance for your client interactions.

Checklist

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now