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PCMA: Proposed Overhaul of FEHBP Pharmacy Benefit,Would Undermine Cost-Saving Tools, ,Reduce Choices for 8 Million Americans,
Date:2/23/2010

sting state laws by preventing pharmacies from automatically substituting lower cost generic drugs. The bill would also restrict drug substitution based on safety if the replacement drug was ‘higher in cost.’
 
  • Decrease competition and access by effectively banning some PBMs from participating in FEHBP. For example, PBMs that are partially owned by chain drugstores would be banned from the program, while PBMs owned by health plans would be forbidden from even making an operating margin.

 
  • Require plans to send FEHBP enrollees — for each and every prescription — confidential pricing information that would undermine PBMs’ ability to extract discounts from drug makers and drugstores.”

Click here for PCMA’s Statement for the Record on HR 4489, The ‘FEHBP Prescription Drug Integrity, Transparency, and Cost Savings Act.’

PCMA represents the nation’s pharmacy benefit managers (PBMs), which improve affordability and
quality of care through the use of electronic prescribing (e-prescribing),
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Source: PRWeb
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