Navigation Links
New MedPAC Report: Abbreviated Biogenerics Pathway 'Urgently Needed'
Date:3/10/2008

PCMA: Competition Necessary to Drive Down Costs

WASHINGTON, March 10 /PRNewswire-USNewswire/ -- A new Medicare Payment Advisory Committee (MedPAC) report that says "having an abbreviated biogenerics approval process is urgently needed because many of the most innovative and costly products entering the market are biologics" signals the growing support for creating a clear regulatory pathway for biogenerics, the Pharmaceutical Care Management Association (PCMA) said today.

"Introducing much-needed competition into the biologics space in order to lower costs and increase access is now seen in Washington as a 'common-sense' health care solution," said PCMA President and CEO Mark Merritt. "The latest MedPAC report reinforces the need for policymakers to develop a clear regulatory pathway for biogenerics."

Unlike conventional drugs, there is no established regulatory process where biogenerics can be approved by the FDA. Last year, PCMA was joined by a number of influential consumer, employer, and insurer groups who endorsed the "Access to Life Saving Medicine Act of 2007," bipartisan legislation that seeks to create a clear regulatory pathway for biogenerics.

PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 210 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D.


'/>"/>
SOURCE Pharmaceutical Care Management Association
Copyright©2008 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. AAHSA Applauds Medicare Payment Advisory Commissions (MedPAC) Draft Recommendations for Revising the Skilled Nursing Facility (SNF) Payment System
2. In Unfolding Budget Debate, Alliance to Spotlight Flawed MedPAC Policy Guidance, Failure to Evaluate Medicaid Margins in Recommending Medicare Funding Levels
3. MedPAC Again Fails to Evaluate Overall Economic Conditions in Assessing SNF Funding Requirements
4. American Heart Association Themed Issue Journal Report: Journal Edition Dedicated to Womens Unique Hypertension Issues
5. Report: Too Few Physicians, Nurses to Implement Presidential Candidates Health Reform Plans
6. New Report: Tobacco Regulation Would Save Iowa $449 Million in Health Care Costs by Preventing 25,700 Kids from Smoking
7. Landmark Report: Excess Body Fat Causes Cancer
8. Report: Medicare-Administered Drug Benefit Would be More Affordable, Comprehensive, Stable than Current Private Insurance-Run Drug Benefit
9. New Report: Increasing Marylands Cigarette Tax Will Reduce Smoking, Save Lives and Save Money
10. New report: private/public insurance mix is most practical way to achieve universal coverage
11. New Report: Increasing Oregons Cigarette Tax Will Reduce Smoking, Save Lives and Save Money
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... ... 2016 , ... Remember the old saying “rub some dirt on it”? Perhaps ... of “Calcium Bentonite Clay” the health benefits of integrating clay into a daily diet ... , A former motivational speaker, Perry A~ has since dedicated her life to learning ...
(Date:2/8/2016)... ... 08, 2016 , ... The Association of Home Care Coding ... Home Health and Hospice ICD-10 Transition Workgroup are working closely with the American ... clarifications, to address concerns over the use of 'A' as the seventh character ...
(Date:2/8/2016)... , ... February 08, 2016 , ... ... only four states in the U.S. require dental technicians to be certified or ... the dental industry, NADL created the “What’s In Your Mouth?” campaign to inform ...
(Date:2/6/2016)... , ... February 06, 2016 ... ... 303-368-6225 , MEDIA ADVISORY: 5000 PERIOPERATIVE NURSES EXPECTED AT AORN SURGICAL CONFERENCE ... perioperative nurses in the world with an estimated 5000 perioperative nurses in ...
(Date:2/5/2016)... Florida (PRWEB) , ... February 05, 2016 , ... Steven ... event he has completed every year since it started in 2003. This year, he ... the attention of fellow runners and NBA team the Miami Heat. , This Sunday, ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... 2016 Nueterra, the nation,s largest ... the development of equity partnerships and focused ... divided its interests between two new companies—NueHealth ... continue the founding company,s private equity investment ... national system of integrated provider networks that ...
(Date:2/8/2016)... http://www.researchandmarkets.com/research/x6mkjm/knee ) has announced ... Market by Product Type (Primary (Cemented & Cementless), ... Eu-5, Japan, Bric, Turkey, Indonesia - Global Analysis ... offering. --> http://www.researchandmarkets.com/research/x6mkjm/knee ) has ... Devices Market by Product Type (Primary (Cemented & ...
(Date:2/8/2016)... Feb. 8, 2016  Avista Pharma Solutions ("Avista Pharma") ... as Chief Financial Officer (CFO). Mr. Setzer is a ... experience in various roles within growing technology and life ... as the Executive Director of Finance at INC Research, ... Raleigh, NC . Previously, Mr. Setzer served as ...
Breaking Medicine Technology: