As the U.S. population continues to age, risk managers and their comp insurers can expect to face continuing increases in long-lasting and recurrent workplace injuries, driving up drug expenditures to treat them, according to an expert in the field.
That prediction comes from Dr. Maria Sciame, clinical director for PMSI, which annually puts out a report on drug trends for workers' compensation. This year's study found that injuries greater than three years old accounted for more than 80 percent of total workers' comp medical spending.
The Tampa, Fla.-based PMSI–which provides pharmacy, settlement services, medical services, equipment and clinical services–also found that medication spending is continuing to increase despite drops in overall occupational injury rates.
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