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:5/30/2016)... Atlanta, GA (PRWEB) , ... May 30, 2016 ... ... camp on June 6th, while Shaolin warrior 8-day-8 and 8-night special intensive summer ... , Shaolin Institute annual overnight summer camp offers families and children a fun ...
(Date:5/29/2016)... ... May 29, 2016 , ... Whole Health Supply is happy to announce ... been available via Amazon.com. This new style of nail clipper has a wider jaw ... is approximately 4mm and the actual handle is 2.5mm thick to accommodate the cutting ...
(Date:5/29/2016)... ... May 29, 2016 , ... "With 30 unique self-animating web ... control the style of their project," said Christina Austin - CEO of Pixel Film ... intros created exclusively for use in Final Cut Pro X. Pixel Film Studios’ minimalistic ...
(Date:5/28/2016)... ... May 28, 2016 , ... "Color Grading media can ... drop a preset onto their media," said Christina Austin - CEO of Pixel Film ... can quickly and easily add stylish color grades to their footage. A LUT is ...
(Date:5/28/2016)... , ... May 28, 2016 , ... After a year and a half of planning ... an extraordinary event. The Multiple Pathways of Recovery Conference was held May 2 -4, ... country and the United Kingdom came together to explore the many pathways individuals use to ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... 2016  Diana Russell suffers from a form of ... inside out.  This disease has put her in a ... and grandchildren to leave her home.  Because of the ... haul the wheelchair.  So if there is a family ... is left to wait for the bus. ...
(Date:5/24/2016)... Mass. , May 24, 2016  NxStage Medical, ... technology company focused on advancing renal care, today announced ... plans to participate in the following schedule of investor ... be made available at http://ir.nxstage.com/ . ... Jefferies Healthcare Conference NY, NY           Friday, June ...
(Date:5/24/2016)... , May 24, 2016  Joe Marziani has joined VMS BioMarketing as senior vice ... officer, today. In his new role, Marziani will lead the company,s business development and ... to improve outcomes. Photo - http://photos.prnewswire.com/prnh/20160523/371089 ... ... ...
Breaking Medicine Technology: