Navigation Links
Employers: Proven PBM Tools Slowing Cost of Prescription Drug Benefits
Date:3/25/2008

New Survey Shows Increasing Use of Tiered Copayments, Generics, and the Mail-Service Pharmacy Option to Control Costs

WASHINGTON, March 25 /PRNewswire-USNewswire/ -- A new survey of employers that finds the utilization of pharmacy benefit management tools has helped to slow the cost of prescription drug benefits highlights the value of proven pharmacy benefit manager (PBM) tools in increasing savings and access for payors and consumers, the Pharmaceutical Care Management Association (PCMA) said today.

The survey, from the consulting firm Mercer, LLC, finds that prescription drug costs increased an average of 9.3 percent in 2007, approximately half the annual rate of increase in prescription costs in 2000. According to Mercer, the rate of increase in prescription drug spending has slowed each year since 2000 "as employers and their pharmacy benefit managers have made changes to drug benefit design."

"These latest data confirm what numerous other government and independent studies have also determined: utilization of proven PBM tools -- tiered copayment structures, generics, and the mail-service pharmacy option -- drive down prescription drug costs for payors," said PCMA President & CEO Mark Merritt.

The survey also shows that PBMs increasingly offer the choice of "transparent" and "pass-through" models to their clients, although only one-in-five employers plan to choose these options. The survey found employers are increasingly focused on finding innovative ways to manage specialty and biotech spending. To this end, PCMA strongly supports the development of a clear regulatory pathway for biogenerics to facilitate competition and therefore lower costs for employers and consumers.

PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 210 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D.


'/>"/>
SOURCE Pharmaceutical Care Management Association
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Proven Terumo Coronary Guidewire Technology Is Now Available in the United States
2. Proven Nutrition Provides Energy and Hope to Cancer Fighters
3. Benefit of exenatide has not yet been proven
4. Smoked cannabis proven effective in treating neuropathic pain
5. Infliximab scheduled treatment has proven to be an effective strategy in IBD patients
6. Gildas Club Worldwide is a Proven Partner in Quality Cancer Care
7. New Booklet Reveals 12 Proven Methods for Stopping MRSA from Infecting Your Feet and Your Familys Feet
8. Many Osteoporosis Medications Prevent Fractures, But None Is Proven Best
9. Pros, cons of drug proven to prevent prostate cancer should be considered, researchers recommend
10. Companys Award-Winning Sound Enhancement Technology Proven to Provide Superior Performance Over Other Technologies; Patent Will Enhance Able Planet, LINX AUDIO Brands
11. Many More Patients Can Now Benefit from Avastins Proven Survival Benefits
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... Beach, CA (PRWEB) , ... June 25, 2016 , ... ... UCLA with Magna Cum Laude and his M.D from the David Geffen School of ... Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at the ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, ... Bronze Wellness at Work award to iHire in recognition of their exemplary accomplishments in ... the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott in ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published June 14 ... The article goes on to state that individuals are now more comfortable seeking to ... operations such as calf and cheek reduction. The Los Angeles area medical group, Beverly ...
(Date:6/24/2016)... ... , ... June 19, 2016 is World Sickle Cell Observance Day. In an ... of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued a ... Cell Disease (SCD) is a disorder of the red blood cells, which can cause ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Scientific Sessions in Dallas that it will receive two significant new grants to ... came as PHA marked its 25th anniversary by recognizing patients, medical professionals and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... CAMBRIDGE, Mass. , June 24, 2016 /PRNewswire/ ... the Spaulding Rehabilitation Network,s Dean Center for ... of Physical Medicine and Rehabilitation, MIT Hacking Medicine, ... Center for Innovation, today announced the five finalists ... Hackathon for Lyme disease.  More than 100 scientists, ...
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... addition of the "Structural Electronics 2015-2025: Applications, ... In-Mold Electronics, Smart ... Integrated Photovoltaics Structural electronics involves ... as load-bearing, protective structures, replacing dumb structures such ...
(Date:6/24/2016)... Dehaier Medical Systems Ltd. (NASDAQ: ... and sells medical devices and wearable sleep respiratory products ... cooperation agreement with Hongyuan Supply Chain Management Co., Ltd. ... 20, 2016, to develop Dehaier,s new Internet medical technology ... will leverage Hongyuan Supply Chain,s sales platform to reach ...
Breaking Medicine Technology: