Navigation Links
NCPA Statement on Wal-Mart's Entry Into the Pharmacy Benefit Market
Date:1/25/2008

ALEXANDRIA, Va., Jan. 25 /PRNewswire-USNewswire/ --- In a speech earlier this week, Wal-Mart Chief Executive Officer Lee Scott revealed the company was in the initial stages of offering pharmacy benefit manager services. In response Bruce Roberts, RPh, executive vice president and CEO of the National Community Pharmacists Association (NCPA) issued the following statement:

"The PBM industry badly needs to be reformed. The current PBM business model is one that lacks transparency and has come under fire in multiple legal proceedings such as when Medco Health Solutions agreed to pay the U.S. Government $155 million in December 2006 for alleged illegal behavior involving false claims and kickbacks. That is why NCPA has been at the forefront of pushing legislative solutions at the federal and state level to empower community pharmacies with the type of business negotiations rights that would shield patients from many of the unscrupulous PBM practices.

"Wal-Mart, a true corporate behemoth and the nation's third largest pharmacy retailer, has decided to become players in the PBM industry. They will have a dramatic affect on whether positive or negative changes occur. For example, PBMs are notorious for pushing patients to use the mail order pharmacies they actually own, which is a conflict of interest that is not to the patient's benefit. Another example of questionable PBM activities is the undue influence pharmaceutical manufacturers have in getting specific, often more expensive drugs utilized even when they are not part of the prescription plan formulary. This happens because of rebates the PBMs receive when these switches are successful. The list of dubious behavior by PBMs is extensive, but the common theme seems to be a relentless quest for profits regardless of what's in the best interest of patients.

"Wal-Mart has the opportunity to provide a positive influence on the PBM marketplace. Its pockets are deep and its sheer size causes
'/>"/>

SOURCE National Community Pharmacists Association
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Statement of Eli Lilly and Company on Dr. David Egilman Settlement:
2. Takeda statement on ACTOS meta-analysis published in the Journal of the American Medical Association
3. Takeda Statement on ACTOS(R) (Pioglitazone HCl) Meta-Analysis Published in the Journal of the American Medical Association
4. Statement by Mike Leavitt Secretary of Health and Human Services on the United States-China Bilateral Meetings on Food and Drug Safety
5. Statement by Oscar S. Wyatt, Jr.
6. Statement from Employment Policies Institute on Senator Hillary Clintons Health Care Plan
7. Pelosi Statement on Proposed Entitlement Task Force
8. Statement by Robert Greenstein, Executive Director of the Center on Budget and Policy Priorities, on the New Congressional SCHIP Agreement
9. Statement on House/Senate Agreement on SCHIP Legislation
10. Statement from the Alliance for Quality Nursing Home Care
11. Produce for Better Health Foundation Releases Statement on Study Saying Fruit & Vegetable Consumption Not Strongly Associated With Colon Cancer Risk
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/22/2014)... 22, 2014 Coral Gables is preparing to ... Lice Troopers, with its new clinic location set to open ... the hassle out of dealing with this common childhood parasite ... their two salon clinic locations in South Florida, or in ... The decision to expand developed naturally out of the demand ...
(Date:12/22/2014)... International efforts to combat ... are receiving further support from recent initiatives ... (NGOs) and other charitable organizations. While research ... responders, patients and others can immediately benefit ... CmTP MediDefense system , which includes ...
(Date:12/22/2014)... 22, 2014 Super Saturday, the last ... year as the busiest day in the 2014 holiday ... Grass Station had a steady pre-Christmas stream of customers, ... past Saturday. , “I definitely intend to take advantage…of ... Denver resident who was enjoying The Grass Station’s holiday ...
(Date:12/22/2014)... The MedTech industry is gearing up for new growth and ... AB of Sweden, is prepared to facilitate the manufacturing expansion ... All signs point to growth in the MedTech industry with ... of the excise tax originally levied to fund the ... of 9.3% and PartnerTech Inc. is prepared to answer the ...
(Date:12/22/2014)... Luxury Linen purveyor Peacock Alley once again ... provide logistics and support for one of Dallas’ largest holiday ... history of giving back to the community in which it ... Drive were Whataburger® and 99.5 The Wolf. , There is ... gifts to children who would otherwise not receive any is ...
Breaking Medicine News(10 mins):Health News:Professional In-Home All-Natural Lice Removal Service Expands to Coral Gables and surrounding areas. 2Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 2Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 3Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 4Health News:Novel Biostatic Antimicrobial Technology From Clearstream-mPact Technology Partnership (CmTP) Offers Effective Protection Against Transmission of Ebola Virus 5Health News:Customers at Colorado’s Grass Station Say They’re Enjoying the Experience of Legally Purchasing Marijuana this Year to Give as Christmas Presents to Friends and Family 2Health News:PartnerTech Inc. Poised for Growth in MedTech 2Health News:Peacock Alley and Community Partners of Dallas Fulfill an Estimated 12,000 Holiday Wishes for Deserving Children 2
... of ER visits jumps 11% compared to average day, ... to U.S. hospital emergency departments related to underage drinking rise ... days, a new report finds. , The Drug Abuse Warning ... who combine alcohol and illegal drugs are 27 percent more ...
... treatment in monkeys offers hope for humans, researchers say , ... disrupted the ability of the Ebola virus to replicate in ... with the lethal disease. , The study is the first ... exposure to the Ebola virus. Previous research showed that it ...
... , ... Histogen, Inc., a regenerative ... cells grown under embryonic conditions, will present findings today at ... Assessment of bioengineered, human extracellular matrix (hECM)-coated polymers showed ...
... Kate Lee, a veteran ... to create an online forum that allows current and prospective egg donors the opportunity to dialogue ... ... six egg donations, has partnered with Beverly Hills Egg Donation, a leading egg donor agency, to ...
... ... from 11 a.m. – 3 p.m. , ... (PRWEB) May 28, 2010 -- Timed to tip off National Physical Fitness & Sports Month in ... markets through the joint efforts of participating cable affiliates. Comcast Spotlight in Seattle has partnered with ...
... ... Health & Fitness Expo at the Fargo Marathon in Fargo, North Dakota. , ... Fargo, ND (Vocus) May 28, 2010—For the third consecutive year, ... Marathon in Fargo, North Dakota. The 2010 Swanson Health & Fitness Expo ran from ...
Cached Medicine News:Health News:Human Extracellular Matrix Significantly Improves Device Biocompatibility 2Health News:Human Extracellular Matrix Significantly Improves Device Biocompatibility 3Health News:Six-Time Egg Donor Creates "Ask Kate", an Online Forum to Help Future Egg Donors 2Health News:Cartoon Network's MOVE IT MOVEMENT TOUR Stops in Seattle Market 2Health News:Cartoon Network's MOVE IT MOVEMENT TOUR Stops in Seattle Market 3Health News:Cartoon Network's MOVE IT MOVEMENT TOUR Stops in Seattle Market 4Health News:Swanson Health & Fitness Expo at the Fargo Marathon 2
(Date:12/19/2014)... , Dec. 18, 2014  Sage Analytics ... generation of equipment for the testing of marijuana ... of the new Luminary™ Profiler, the industry,s first ... measurement in a cost-effective, portable unit. ... specific needs of the cannabis industry, the Luminary™ ...
(Date:12/19/2014)... , Dec. 18, 2014  RESMED INC. (NYSE: ... quarter of fiscal year 2015 results on Thursday, January 22, ... press release with ResMed,s results will be issued after 1:00 ... webcast to discuss operating results and future outlook. ... US Pacific Time and the live webcast of the call ...
(Date:12/19/2014)... , Dec. 18, 2014   Aratana ... a biopharmaceutical company focused on the licensing, development ... today announced positive results from its pivotal field ... for treating pain in dogs with osteoarthritis.  In ... pain assessment scores that were statistically significant compared ...
Breaking Medicine Technology:Sage Analytics Develops Breakthrough System for Potency Testing of Cannabis Products 2ResMed To Announce Second Quarter 2015 Results 2Aratana Therapeutics Announces Positive Top-Line Results from AT-001 Pivotal Field Study in Client-Owned Dogs with Osteoarthritis 2Aratana Therapeutics Announces Positive Top-Line Results from AT-001 Pivotal Field Study in Client-Owned Dogs with Osteoarthritis 3Aratana Therapeutics Announces Positive Top-Line Results from AT-001 Pivotal Field Study in Client-Owned Dogs with Osteoarthritis 4Aratana Therapeutics Announces Positive Top-Line Results from AT-001 Pivotal Field Study in Client-Owned Dogs with Osteoarthritis 5
... BioMarin Pharmaceutical Inc. (Nasdaq: BMRN ) today ... in the UK has completed review of the Clinical Trial ... Phase 3 trial of N-acetylgalactosamine 6-sulfatase (GALNS) for the treatment ... the Phase 3 pivotal trial early in the first quarter ...
... MOUNTAIN VIEW, Calif., Dec. 14, 2010 VIVUS, Inc. (Nasdaq: ... part of its continuing effort to secure regulatory approval for ... Food and Drug Administration (FDA) designed to address items in ... 2010.  The company also announced that the Endocrine and Metabolic ...
Cached Medicine Technology:MHRA Issues Notice of Acceptance for Phase 3 Trial of GALNS for the Treatment of MPS IVA 2MHRA Issues Notice of Acceptance for Phase 3 Trial of GALNS for the Treatment of MPS IVA 3VIVUS Submits Briefing Document to FDA, Announces Follow-up Meeting to Discuss QNEXA® 2VIVUS Submits Briefing Document to FDA, Announces Follow-up Meeting to Discuss QNEXA® 3
The ImagingPlanet 70 mm Surgical Microscope Adapter. Superior optical quality and precise engineering make this 70 mm focal length adapter an excellent decision for use with your Leica surgical micr...
... Optronics MicroFire - Monochrome: An ... microscope camera with Firewire connectivity. ... imaging beyond 900nm. The camera ... a C-mount adapter and is ...
... the most technologically advanced Micro-dermabrasion machine ... USA after extensive research, it offers ... with maximum control and total flexibility ... to traditional methods because the complex ...
The Urine Legionella Antigen ELISA kit detects the presence of Legionella pneumophila serogroup1 antigen in urine....
Medicine Products: