State legislators have proposed and conditionally approved a model law that would tie reimbursement rates for prepackaged drugs dispensed by physicians for worker's compensation patients to the original manufacturer's average wholesale price.
A panel of the National Conference of Insurance Legislators (NCOIL) approved the proposed model at its spring meeting in Washington Saturday.
Some interested parties said the cost of prepackaged drugs could range from 10 percent to 90 percent above the cost of buying the drugs at a pharmacy. One speaker noted, “Is the convenience worth the cost?”
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