Navigation Links
Majority of House of Representatives Support Common-Sense Fix to Medicare Part D Prescription Drug Plan
Date:10/15/2007

ALEXANDRIA, Va., Oct. 15 /PRNewswire-USNewswire/ -- Bipartisan support for prompt reimbursement of Medicare Part D prescription drug claims to community pharmacies continues to grow. H.R.1474, the Fair and Speedy Treatment (FAST) of Medicare Prescription Drug Claims Act of 2007, has just signed its 220th co-sponsor. In response, Bruce Roberts, RPh, executive vice president and CEO of the National Community Pharmacists Association (NCPA) issued the following statement:

"A majority of the U.S. House of Representatives agrees -- it's time we put our nations' Medicare patients first. Slow government reimbursement has left some patients without access to their prescription medications and their community pharmacists, which is a trend that can be halted by taking corrective action. That is why today, upon the signing of the 220th co-sponsor, I urge Chairman Rangel (D-N.Y.) and Subcommittee Chairman Pete Stark (D-Calif.) to quickly consider H.R. 1474 in their respective committees and report them to the House floor for a final vote this year.

"Any suggestion that quicker reimbursement is a logistical impossibility is refuted by the evidence in the Medicaid program that still enjoys prompt reimbursement," added Roberts.

In 2006, after enjoying years of stability in the market, community pharmacies saw 5% of their colleagues close their doors. The only new factor in the marketplace was the introduction of the Medicare Part D program, and the slow-down of reimbursement.

Delay of reimbursement for community pharmacists often can be attributed to the practices of the pharmacy benefit managers (PBM). Pharmacy benefit managers (PBMs) are the largely unregulated drug middlemen that administer the prescription drug benefit portion of health insurance plans for private companies, unions, and governments. These groups are paid in advance by the federal government to run their plans, while community pharmacists, the foundation of our nation's small business owners, are forced to wait for reimbursement.

H.R. 1474 requires accurate Part D claims submitted electronically be paid within 14 days by electronic funds transfer and paper claims within 30 days by the administrators of Part D plans--pharmacy benefits managers (PBMs). The Senate companion bill S.1954, the Pharmacy Access Improvement Act (PhAIM) of 2007, has 20 co-sponsors, including Senate finance Committee chair and ranking member Max Baucus (D-Mont.) and Charles Grassley (R-Iowa).

Further evidence that H.R. 1474 is a much-needed bill can be found in the University of Texas at Austin's Center for Pharmacoeconomic Studies report called the "Length of Prescription Drug Payment Times by Medicare Part D Plans." Click here to learn more: http://www.ncpanet.org/pdf/leg/ut_study_exec_sum_090607.pdf.

The National Community Pharmacists Association, founded in 1898, represents the nation's community pharmacists, including the owners of more than 23,000 pharmacies. The nation's independent pharmacies, independent pharmacy franchises, and independent chains dispense nearly half of the nation's retail prescription medicines. To learn more go to http://www.ncpanet.org.


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

Related medicine news :

1. “Yes, I need Cosmetic surgery” – view of majority wome
2. Majority Of Women Satisfied With Decision To Have Preventive Mastectomy
3. Majority Of Americans Deny That They Are Overweight
4. Majority of Middle Aged People Suffer from - High BP, High Sugar, Pot Belly
5. Majority of Keralites Vote in Favor of HIV Certificate Before Marriage
6. Majority Of People In US Seek Essential Changes In Health Care System
7. Majority Chinese Men Lack Testosterone: Report
8. Majority Of The Flu Vaccine Supply Received
9. Majority Of Doctors Tend To Ignore Milk Allergy Cases In Babies
10. Majority of Padma Awards Go to Doctors from Delhi
11. Harassment in School Affects Majority of Elementary Students
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2017)... ... June 23, 2017 , ... "The Better ... ultimately do significant harm to people with all chronic conditions, including mental illnesses, ... leaves in place the Affordable Care Act (ACA) requirement that insurers cover pre-existing ...
(Date:6/23/2017)... ... 2017 , ... Dr. Ran Y. Rubinstein , a ... offering three new minimally invasive procedures to patients who want a younger and ... Rubinstein is excited to bring microneedling, microneedling facials, and platelet rich plasma (PRP) ...
(Date:6/23/2017)... ... June 23, 2017 , ... Ensuring meat products ... videos highlight the importance of correctly using a meat thermometer. The videos feature ... extensive research on consumer food safety habits. Dr. Bruhn explains the variety of ...
(Date:6/23/2017)... ... June 23, 2017 , ... ... Flood Insurance offerings. With the Federal Emergency Management Agency’s (FEMA) recent update of ... United States. In 2012, the Biggert-Waters Act was enacted to reflect the actual ...
(Date:6/23/2017)... Gilmer, TX (PRWEB) , ... June 23, 2017 , ... ... consultations to residential and business clients throughout eastern Texas, is announcing the launch of ... , Recent breast cancer statistics in the United States reveal that an estimated ...
Breaking Medicine News(10 mins):
(Date:5/30/2017)... May 30, 2017 DarioHealth Corp. (NASDAQ: DRIO), a leading ... today announced that it will be presenting at the 7th annual ... PT. Erez Raphael , CEO, of DarioHealth will be giving ... be held on June 6th & 7th, 2017 at the Luxe ... small / micro-cap space. About ...
(Date:5/26/2017)... plc (NASDAQ: ENDP ) announced today that ... in a fireside chat at Goldman Sachs, 38 th ... 10:40 a.m. PT / 1:40 p.m. ET. The conference will ... Verdes, CA. A live webcast and ... Company,s website at http://www.endo.com/investors/overview . Participants should allow approximately ...
(Date:5/22/2017)... COTTAGE, N.Y. , May 22, 2017 /PRNewswire/ ... antiviral treatment Gene-Eden-VIR/Novirin, announces the launch of a ... plain English, the results of a clinical study ... one year treatment with Gene-Eden-VIR/Novirin in individuals suffering ... important to note that there are no other ...
Breaking Medicine Technology: