Texas-Like Drug Formulary Has Potential to Reduce Costs in Other States
A new study from the
"As policymakers and other system stakeholders seek to contain medical costs, part of the focus is on prescription drug costs," said Dr. Vennela Thumula, an author of the study and a policy analyst at WCRI. "With an evidence-based closed formulary, states have the potential to contain pharmaceutical costs while encouraging evidence-based care."
According to the study, Impact of a Texas-Like Formulary in Other States, physicians in the other 23 states may have similar or different responses to the closed formulary from
One of the scenarios finds if physicians in the 23 other study states were to change their prescribing patterns like physicians in
The study found non-formulary drugs were as prevalent in the 23 study states as they were in pre-reform
The data for the study are based on utilization and costs of non-formulary drugs among newly injured workers in
The 23 states included in this study are
To purchase a copy of this study, click on the following link: http://www.wcrinet.org/studies/public/books/tx_formulary_book.html.
Read the full story at http://www.prweb.com/releases/2014/06/prweb11974321.htm
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