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PCMA: New Legislation Would Increase Prescription Drug Costs, Limit Access
Date:5/7/2010

Independent Drugstore Lobby Seeks to Limit Fraud Detection Efforts (Again)

Washington, D.C. (Vocus) May 7, 2010 -- The Pharmaceutical Care Management Association (PCMA) released the following statement today on H.R. 5234, the PBM Audit Reform and Transparency Act of 2010, legislation championed by the independent drugstore lobby:

"Pharmacy benefit managers (PBMs) have pioneered tools – including incentivizing the use of generic medications, e-prescribing, and mail-service pharmacies – that improve savings, access, and safety for consumers and payers. Since the key to access is affordability, payers and policymakers alike should explore broader use of PBMs' cost-savings tools and reject approaches that make prescription drugs more expensive.

"The widespread use of proven PBM tools in Medicare Part D has contributed to the program's total expenditures being 43 percent lower than originally projected.

"Unfortunately, the independent drugstore lobby continues to push an agenda that increases prescription drug costs for consumers and payers and limits efforts to root out fraud, waste, and abuse. Given the increased focus on controlling health care costs, we can't afford to let anyone, including the independent pharmacy lobby, thwart congressional efforts to fight pharmacy fraud.”

In letters sent to Senate Finance Committee Ranking Member Charles Grassley (R-Iowa) and

Source: PRWeb
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