Four Popular WC Medications That Are Becoming Generic

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Four Popular WC Medications > Generic

There are presently four popular WC medications that are becoming generic in the next few months.  The NAMSAP (National Association Medicare Set Asides Professionals) conference in Las Vegas has provided me with a vast amount of new information on MSA’s.  

NAMSAP Four Popular WC Medications Emblem From Web
(c) NAMSAP

Dr. Marcos Iglesias, Midwest Employers Casualty, presented on the medication component of MSA‘s.  One of the interesting parts of his presentation was the four medications that are very popular with WC injured workers are now going to be generic in the near future.  The four popular WC medications are:

  • Nexium – May 2014 (AstraZeneca)
  • Lunesta – May 2014 (Sunovian)
  • Exalgo – July 2014 (Mallinckrodt)
  • Celebrex – December 2014 (Pfizer)

The initial manufacturer of medications that are deemed generic (lose their patent) is often Teva Pharmaceuticals.  Teva is a very popular manufacturer of generic medications.  

 

Exalgo was one that I had not seen that much in any of the WC files we have reviewed over the past few years.  Exalgo is basically an extended release opioid.  Celebrex would be the most popular that I have seen out of the four listed meds.    

 

Many of the pharmaceutical companies will file multiple lawsuits against any of the generic manufacturers as they do not wish to lose their patent. 

 

If you are involved with any MSA’s one component to examine for future medical expenditures is the medications the injured worker is taking may not be the higher-priced brand name forever.  Knowing the date when a patent expires can reduce the future med costs extensively. 

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
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