Navigation Links
New Lockton Report Analyzes Prescription Drug Abuse and Its Effect on Workers' Compensation

KANSAS CITY, Mo., Sept. 20, 2012 /PRNewswire/ -- There has never been a more damaging impact on the cost of workers' compensation claims from a single issue than the abuse of opioid prescriptions for the management of chronic pain, according to a new report from Lockton.




The report—titled Opioids Wreak Havoc on Workers' Compensation Costs—seeks to update employers on current trends related to the growing issue of prescription drug abuse and how it affects the cost. Some insights from the report include:

  • An estimated 55 to 86 percent of all claimants are receiving opioids for chronic pain relief.
  • Pharmacy is growing disproportionately to total medical costs. Pharmacy only accounted for about two percent of all medical costs n 1990. Today, on average, workers' compensation prescription drugs account for 19 percent of the total medical spend.
  • Opioids account for an average of 25 percent of the overall pharmacy spend, and 35 percent (or more) for claims more than three years old.

"The aggressive prescribing of opioids to treat chronic pain is a relatively new phenomenon in workers' compensation's 100-year history; an epidemic affecting all of society and workers' compensation in particular," wrote Keith Rosenblum, senior risk consultant for Lockton.

He added, "Employers simply don't know what they don't know about workers' compensation pharmacy and how it seriously impacts their bottom line. The reason is that between 40 to 50 percent of pharmacy is dispensed and billed by physicians, and that third party administrators (TPAs) simply do not know what the employer is actually spending." If the employer and TPA are not managing the spend, they certainly can't manage the appropriate clinical utilization of the drugs by treating doctors. 

The report outlines a series of best practices to help risk and claims managers curb the problem.

You can get the full report free at or the full link is

In addition, there is an extended version of this report called Risk and Claims Managers' Comprehensive Guide to the Management of Pharmacy Benefits that is available by contacting your Lockton representative.

About Lockton
More than 4,450 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services that improve our clients' businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies. For three consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.

SOURCE Lockton
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. China Botanic Reports Third Quarter Fiscal Year 2012 Results
2. Unigene and Tarix Pharmaceuticals Report Highly Increased Oral Bioavailability of "Peptelligence-engineered" TXA127
3. Misonix Reports Strong Revenue Increases for the Three Months and Full-Year Ended June 30, 2012
4. Varian Medical Systems Publishes 2012 Sustainability Report Outlining Environmental, Charitable, Safety and Health Access Achievements
5. Champions Oncology Reports Financial Results for the Quarter Ended July 31, 2012
6. Neurotech Reports Announces New Conference Dedicated to Consumer Applications of Neurotechnology
7. - Global and China Synthesis Polypeptide Drug Industry 2012 Deep Research Report
8. Reports 38% Year-Over-Year Revenue Growth in the First Quarter 2012
9. Pharmacyclics Reports Fourth Quarter and Full Year Fiscal 2012 Financial Results and Recent Developments
10. Cell Therapeutics, Inc. Reports Results of Annual Meeting of Shareholders
11. MGC Diagnostics Corporation Reports Third Quarter Fiscal Year 2012 Operating Results
Post Your Comments:
(Date:11/25/2015)... Nov. 25, 2015 USP 800 applies ... preparations (e.g. pharmacists, pharmacy technicians, nurses, physicians, physician ... The chapter also covers all entities which store, ... hospitals, other healthcare institutions, patient treatment clinics, physicians, ... --> --> What is the ...
(Date:11/25/2015)... Nov. 25, 2015  Mindray Medical ... MR ), a leading developer, ... worldwide, today announced that it will ... of shareholders at the Company,s Hong Kong office ... Prince Edward West Road, Mongkok KL, Hong ...
(Date:11/25/2015)... 2015 Research and Markets ( ) ... - Global Forecast to 2020" report to their ... for 37.21% of the total market share in 2014. ... region is projected to growth at the highest CAGR ... primarily to the fast growing water, industrial gas treatment, ...
Breaking Medicine Technology:
(Date:11/25/2015)... ... November 25, 2015 , ... In an ongoing Clinical Study conducted ... in Chicago, IL, UV Angel is evaluating the efficacy of its product and its ... units (totaling 30 beds) from May 2014 through October 2015 at a 360-bed, acute-care, ...
(Date:11/25/2015)... LOUIS, Missouri (PRWEB) , ... November 25, 2015 ... ... Project HEAL, will provide scholarships for people struggling with eating disorders as a ... Proceeds from the second annual event, held at Fox Run Golf Club in ...
(Date:11/25/2015)... ... November 25, 2015 , ... Privately owned Contract Development ... expansion of its current state of the art research, development and manufacturing facility ... increase its manufacturing capacity as well as to support its clients’ growing research ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... Sclerosis Complex (TSC), as well as raising public awareness of the disorder while ... it—presented a third donation of $35,000 to bolster progress at the Tuberous Sclerosis ...
(Date:11/25/2015)... ... November 25, 2015 , ... Bunion Bootie , ... early celebration of the early holiday shopping season. Starting Wednesday November 25th, Bunion ... ea). Black Friday promotional pricing is in addition to any automatic discounts applied ...
Breaking Medicine News(10 mins):