Navigation Links
New Avalere Analysis: Top Five Medicare Part D Plans with the Lowest Average Premiums Have Preferred Pharmacy Networks

Washington D.C. (PRWEB) June 21, 2013

The top five Medicare Part D plans with the lowest average premiums all have preferred pharmacy networks, according to a new analysis conducted by Avalere Health for the Pharmaceutical Care Management Association (PCMA). Of all Part D plans with national or near-national status, seven of the top 10 with the lowest average premiums have preferred pharmacy networks.

"Seniors rely on low premium preferred network plans, but the drugstore lobby opposes them in Medicare Part D. That’s because preferred network plans make drugstores compete by offering greater discounts," said PCMA President and CEO Mark Merritt.

Avalere calculated 2013 average premiums for all Medicare Prescription Drug Plans (PDPs) across all 34 Medicare regions (excluding US territories) based on enrollment as of May 2013.

Their analysis shows:

  •     A plan with a preferred pharmacy network offers the lowest average monthly premium of any Medicare PDP ($15).
  •     The five Medicare PDPs with the lowest average monthly premiums have preferred pharmacy networks.
  •     Seven out of the top 10 Medicare PDPs with the lowest average premiums and national or near-national status have preferred pharmacy networks.

A recent national poll by Hart Research Associates shows that seniors in plans with preferred pharmacy networks are overwhelmingly satisfied, citing lower costs and convenient access to pharmacies among other benefits. The survey revealed that 80% of those in preferred pharmacy plans—which translates to over 7 million seniors— would be very upset if their plan was no longer available in the future.

In addition, a recent study by Visante found that Medicare could save $35 billion over the next decade by leveraging greater use of pharmacy networks. Currently, there are more drugstores in the U.S. than McDonald’s, Burger Kings, Pizza Huts, Wendy’s, Taco Bells, Kentucky Fried Chickens, Domino’s Pizzas, and Dunkin’ Donuts combined, creating a highly competitive environment.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Systematic analysis: High global burden of oral conditions -- 3.9 billion affected
2. U.S. Medical Waste Market Analysis: Treatment, Containment, Management and Disposal Products Reviewed in New Research Report at
3. Meta-analysis: Interventions improve depression in cancer patients
4. PREFERRED Therapy Providers, Inc. and WellCare of Arizona Finalize Their Agreement to Offer Medicare Advantage Plan to PREFERRED's Arizona Provider Network
5. June 25 Webinar: Gorman Health Group Senior VP of Finance Will Discuss How Medicare ACOs Can Transition to Medicare Advantage
6. Medicare beneficiaries substantially more likely to use brand-name drugs than VA patients
7. Parker Waichman LLC Applauds Seniors for their Role in Helping to Recover $14.9 billion in Medicare Fraud over the Past Four Years
8. Skipping Meds May Raise Odds of ER Visits for Certain Medicare Patients
9. June 6 Webinar Offers Winning Medicare Advantage Go-to-Market Strategies for 2014
10. Vein Specialties Now Accepting Medicare Patients
11. Private insurers Medicare Advantage plans cost Medicare an extra $34.1 billion in 2012
Post Your Comments:
(Date:6/26/2016)... N.J. (PRWEB) , ... June 27, 2016 , ... Quality ... sources, yet in many ways they remain in the eye of the beholder, according ... (EBO), a publication of The American Journal of Managed Care. For the full issue, ...
(Date:6/26/2016)... ... June 26, 2016 , ... Many women are ... with endometriosis. These women need a treatment plan to not only alleviate symptoms ... can help for preservation of fertility and ultimately achieving a pregnancy. The specialists ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency ... named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. ... Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director ...
(Date:6/24/2016)... ... 2016 , ... A recent article published June 14 on E ... goes on to state that individuals are now more comfortable seeking to undergo not ... as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are ... for this recognition are considered among the top 2 percent of lawyers practicing within ... of this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016 The Academy of Managed ... recommendations that would allow biopharmaceutical companies to more ... that make formulary and coverage decisions, a move that ... new medicines. The recommendations address restrictions in ... on the drug label, a prohibition that hinders decision ...
(Date:6/24/2016)... PUNE, India , June 24, 2016 ... "Pen Needles Market by Type (Standard Pen Needles, Safety ... 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase ... published by MarketsandMarkets, This report studies the market for ... is expected to reach USD 2.81 Billion by 2021 ...
(Date:6/23/2016)... HOUSTON , June 23, 2016  MedSource ... platform as its e-clinical software solution of choice.  ... the best possible value to their clients by ... nowEDC.  The preferred relationship establishes nowEDC as the ... pricing for MedSource,s full-service clients.  "nowEDC has long ...
Breaking Medicine Technology: