Navigation Links
Kentucky Pharmacists Event Urging Senate Minority Leader McConnell to Fix Flawed Medicaid Drug Reimbursement Rule
Date:12/3/2007

FRANKFORT, Ky., Dec. 3 /PRNewswire-USNewswire/ -- Kentucky pharmacist press conference to discuss new Medicaid generic prescription drug reimbursement rule and the need for Sen. Mitch McConnell (R-Ky.) to use his power to make sure the legislative fix is considered before Congress adjourns for the year. The rule, scheduled to be fully implemented in early 2008, will grossly underpay pharmacists and puts patient access at risk.

WHO:

Brad Hall, Executive Director of the Kentucky Pharmacists Association

Mac Bray, RPh, Owner of Capital Pharmacy and Medical Equipment in Frankfort

Larry Hadley, RPh, Co-Owner of Wayne's Pharmacy in Frankfort

WHEN:

December 6, 2007, at 10:00 a.m.

WHERE:

Capital Pharmacy and Medical Equipment

662 East Main Street

Frankfort, KY

502-223-2827

WHY:

The Centers for Medicare and Medicaid Services published the Medicaid reimbursement rule on July 17, and the implementation process will be completed in early 2008. At that time, community pharmacies will be faced with a burden that could not only cause difficulty in participating in the Medicaid program, but sustainability in the business community. These challenges will be due to low reimbursement rates based on an inaccurate Average Manufacturer Price (AMP) formula. According to a Government Accountability Office report, on average, pharmacies will be paid 36 percent below their acquisition costs for the generic prescriptions of Medicaid patients.

Sen. McConnell can help move the legislative fix S.1951, the Fair Medicaid Drug Payment Act of 2007, through the Senate before it is too late. The bill contains measures that achieve fairness with the reimbursement system and preserving patient access to prescription drugs by:

-- Removing discounted mail order and pharmacy benefit manager

prices that are unavailable to community pharmacies and unfairly

lower than the overall AMP formula

-- Requiring Medicaid payment be calculated using the weighted average

of the Medicaid generic drugs based on their actual utilization

-- Restoring the practice of using three available generic products

for the calculation; increases the maximum allowable reimbursement

from 250 percent of the AMP to 300 percent

-- Encouraging more inexpensive generic drug usage by requiring prior

authorization of brand name drugs.

CONTACT:

For more information contact Chip Riddleberger at 410-725-6024 or chip.riddleberger@ncpanet.org.


'/>"/>
SOURCE National Community Pharmacists Association
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Anthem Blue Cross and Blue Shield in Kentucky Announces the Availability of New Health Plans for Medicare Beneficiaries
2. Nurses From Across Nation Join Solidarity Caravan in Support of Striking Kentucky RNs
3. Anthem Blue Cross and Blue Shield in Kentucky Announces Release of State Health Index
4. Medco Unveils Three New Medicare Prescription Drug Plan Options for 2008 to Provide Seniors More Choice, Better Value and Specialist Pharmacists
5. CVS Caremark Celebrates American Pharmacists Month by Thanking Its 20,000 Pharmacists
6. Maryland Pharmacists Urge House Majority Leader Hoyer to Put Patients First
7. Lisa Camooso Miller Joins National Community Pharmacists as Vice President of Public Affairs
8. By 2012, Prescribing Pharmacists Could Influence $145 Billion in Drug Sales
9. CVS Pharmacists Serve a Vital Role in Helping Patients Manage Diabetes
10. Pharmacists Press Conference Urging Senate Majority Leader Harry Reid to Fix Flawed Medicaid Drug Reimbursement Rule
11. The American Pharmacists Association Supports Consumer Education About OTC Medications
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/24/2017)... ... 24, 2017 , ... Healthcare Associates of McKinney announced today that ... at 8080 State Highway 121, Suite 210, McKinney, Texas 75070. It is in ... , As the practice has grown, the need for more space has been paramount. ...
(Date:2/24/2017)... ... February 24, 2017 , ... The International Association of Eating Disorders Professionals ... What You See” body image mannequin art competition. Selected from 15 submissions from around ... winner revealed at the 31st annual iaedp Symposium, March 22 – 26 in Las ...
(Date:2/24/2017)... Charlevoix, MI (PRWEB) , ... February 24, 2017 ... ... venue in Charlevoix, once again hosted their Military Wedding Giveaway, with the ... be hosted by Castle Farms with services generously donated from local vendors: A ...
(Date:2/23/2017)... ... February 23, 2017 , ... Rare ... audience, will be participating in Rare Disease Day events, hosted by the Rare ... Rare Disease Report, a website, weekly e-newsletter and quarterly publication, will be conducting ...
(Date:2/23/2017)... (PRWEB) , ... February 23, 2017 , ... ... an approved content provider for the National Institute for Health and Care ... social care-related organizations in the National Health Service (NHS) to search, order and ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... , Feb 23, 2017 Research and Markets ... Price Analysis and Strategies - 2016" report to their offering. ... The latest ... provides drug pricing data and benchmarks in the global Autism Spectrum ... What are the key drugs marketed for Autism ...
(Date:2/23/2017)... ITL Limited, ( ASX: ITD ), an innovative diversified ... year ended 31 December 2016 compared with the previous corresponding period. ... viewed here . Highlights ... Earnings per share of 2.2 cents (Dec 2015: ... 2015: $15.7m; up 11%) Profit before tax of ...
(Date:2/23/2017)... -- Research and Markets has announced the addition of ... report to their offering. ... The latest research Oesophageal Cancer Drugs Price Analysis ... the global Oesophageal Cancer market. The research answers the ... drugs marketed for Oesophageal Cancer and their clinical attributes? How are ...
Breaking Medicine Technology: