The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has updated the cost impact evaluation of the Medical Treatment Utilization Schedule (MTUS) Drug Formulary, utilizing additional pharmaceutical transaction information in 2019 through the pre-pandemic period in 2020, in its Cost Impact of California’s Drug Formulary – Two-Year Checkup research brief.
California’s drug formulary, which went into effect January 1, 2018, is intended to reduce frictional costs in the workers’ compensation system; restrict inappropriate prescribing, especially that related to opioids; and ensure that injured workers receive medically necessary medications in a timely manner.
Key findings in the research brief include:
Read the entire WCIRB research brief at the following link:
Cost Impact of California’s Drug Formulary – Two-Year Checkup
Thursday, February 11, 2021, 11:00 – 11:45 AM PT
WCIRB Executive Vice President and Chief Actuary Dave Bellusci and Vice President of Data Analytics Julia Zhang will discuss highlights from the WCIRB's research brief evaluating the drug formulary impact in this webinar.
For those unable to attend the live webinar, a recording will be posted in the Research section of the WCIRB website following the event.