Navigation Links
PCMA: New Study on Independent Pharmacy Reimbursements Will 'Raise Eyebrows' on Capitol Hill
Date:1/11/2008

OIG Report Undermines Case for Collective Bargaining, 'Prompt Pay' Legislation

WASHINGTON, Jan. 11 /PRNewswire-USNewswire/ -- A new report released by the Office of Inspector General (OIG) on independent pharmacy payments in Medicare Part D will "raise eyebrows" on Capitol Hill and runs counter to claims from the independent drugstore lobby, the Pharmaceutical Care Management Association (PCMA) said today.

"This report will raise eyebrows among policymakers who have been led to believe that independent pharmacists were in dire straits because of the Medicare drug benefit," said PCMA President and CEO Mark Merritt. "It runs counter to rhetoric from the independent drugstore lobby on the need for costly legislation granting pharmacies special antitrust exemptions and payment cycles that are twice as fast as those received by doctors and hospitals."

Among the key findings in the report:

-- Independent pharmacies are paid an average of 18 percent more by Part D plans than their acquisition costs for medicine.

-- On average, Part D payments to rural pharmacies exceed payments to urban pharmacies.

-- Two-thirds of community pharmacies belong to group purchasing organizations that allow them to collectively bargain --- and achieve --- higher Part D reimbursement rates.

According to a separate analysis by CRA International, pharmacy antitrust exemptions would increase prescription drug costs for Medicare and commercial payors by up to 11.8 percent or $29.6 billion over five years. Legislation that would make Medicare prescription drug plans pay drugstores twice as fast as Medicare pays other providers could cost the program and its beneficiaries at least $3.1 billion over the next decade, according to a recent study from PricewaterhouseCoopers (PwC).

PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 210 mil
'/>"/>

SOURCE Pharmaceutical Care Management Association
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. PCMA: CMS Releases Proposed E-Prescribing Standards in Medicare
2. Penn study finds pro-death proteins required to regulate healthy immune function
3. New study shows promise in reducing surgical risks associated with surgical bleeding
4. Study, meta-analysis examine factors associated with death from heatstroke
5. Study suggests loss of 2 types of neurons -- not just 1 -- triggers Parkinsons symptoms
6. Study says COPD testing is not measuring up
7. Preclinical study suggests organ-transplant drug may aid in lupus fight
8. Ability to cope with stress can increase good cholesterol in older white men, study finds
9. High alcohol consumption increases stroke risk, Tulane study says
10. Mailman School of Public Health study examines link between racial discrimination and substance use
11. Pitt study finds inequality in tobacco advertising
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2015)... Ticket Down is a reputable source for authentic tickets ... While the World Cup is the most known soccer tournament ... International Champions Cup is one of the biggest tournaments held ... for soccer in the United States set when Manchester United ... of Michigan. This year, the defending champion Manchester United club ...
(Date:5/4/2015)... Los Angeles dental implants ... comfortable and attractive alternative for patients with dentures. Dentures ... who have lost teeth. Unfortunately, they also require some ... at the worst possible moment and may make clicking ... also painfully pinch or rub gums, leaving sores and ...
(Date:5/4/2015)... Chicago, Ill., (PRWEB) May 04, 2015 ... the American Brain Tumor Association (ABTA) show that people ... their diagnosis and treatment options, including clinical trials, at ... of days to make difficult decisions about their course ... the launch of the first nationwide brain tumor volunteer ...
(Date:5/4/2015)... San Diego, CA (PRWEB) May 04, 2015 ... hosted a ribbon cutting ceremony at their brand new, ... of this year. The new building will not only ... patient population, but will also offer community and educational ... , The new facility is located next door to ...
(Date:5/4/2015)... 2015 New West Medicare is excited ... LLC to manage outpatient advanced imaging services for its ... ensure its members are provided the right test at ... closely with New West Medicare’s physicians and hospitals, Care ... of advanced imaging and provide an objective basis for ...
Breaking Medicine News(10 mins):Health News:Cheap 2015 International Champions Cup (ICC) Tickets: Ticket Down Slashes Ticket Prices on International Champions Cup (ICC) Presale Tickets 2Health News:Cheap 2015 International Champions Cup (ICC) Tickets: Ticket Down Slashes Ticket Prices on International Champions Cup (ICC) Presale Tickets 3Health News:Cheap 2015 International Champions Cup (ICC) Tickets: Ticket Down Slashes Ticket Prices on International Champions Cup (ICC) Presale Tickets 4Health News:Los Angeles Dental Implants Doctor, Kevin Sands DDS, Now Offers a More Comfortable and Aesthetically-Pleasing Solution to Denture-Wearers 2Health News:American Brain Tumor Association Poll Underscores Need for Greater Awareness and Education at Time of Diagnosis 2Health News:American Brain Tumor Association Poll Underscores Need for Greater Awareness and Education at Time of Diagnosis 3Health News:San Diego Fertility Center Hosted a Ribbon Cutting Ceremony at Its New, Expanded Facility 2Health News:San Diego Fertility Center Hosted a Ribbon Cutting Ceremony at Its New, Expanded Facility 3Health News:New West Medicare Partners with Care to Care, LLC to Manage Advanced Imaging Services 2
... study at University of Alberta ,shows a strong work ... Albertans with congestive heart failure manage their illness , in that ... ,Elders in our study tend to view their work ... with an attitude of I can wait it out or not ...
... encounter with a Jewish prostitute might have led Hitler ... study by psychiatrists. ,Hitler might have contracted ... eventually targeting of the Jews and the mentally retarded. ... theory, according to psychiatrist Dr Bassem Habeeb. ...
... into the alleged incident of a 15-year-old boy performing ... ,In April, Dileepan Raj, a Class X ... supervision at the Mathi Surgical and Maternity Hospital in ... ,Dipeean's parents K. Murugesan and Gandhimathi ...
... in India would have "severe consequences in society", a Madhya ... an all-party meeting to discuss the issue. ... stir controversy in the state, Public Works Department (PWD) Minister ... the import and sale of products like sex toys be ...
... As temperature influences the toxic effects of chemicals, so ... organism. The consequences of this harmful reciprocal relationship ... study published in the latest issue of Environmental Toxicology ... of three organic chemicals commonly found in the environment: ...
... received an approvable letter from the US Food ... release tablets (previously referred to as SPD503), ... studied in children and adolescents with Attention-Deficit/Hyperactivity Disorder ... nonstimulant, is not a controlled substance and does ...
Cached Medicine News:Health News:Rural Work Ethic Curbs Elderly Heart Care 2Health News:Hitler's Holocaust may Have Stemmed from Syphilis from Jewish Prostitute 2Health News:Minister from MP Urges to Ban the Sale of Sex Toys 2Health News:FDA Approves INTUNIV (guanfacine) for the Treatment of ADHD 2
(Date:5/4/2015)... WHIPPANY, N.J. , May 4, 2015 ... agreement with Isis Pharmaceuticals, Inc. (NASDAQ: ISIS ) ... clinical development for the prevention of thrombosis. Under the ... in areas of high unmet medical need. As ... evaluate the therapeutic profile of ISIS-FXI Rx in ...
(Date:5/4/2015)... BUFFALO, N.Y. , May 4, 2015 /PRNewswire/ ... Stephanie Englert , PharmD, has completed preliminary analysis ... Disorder and Schizophrenia. Resources from Clinical Support Services, ... Medication Reviews (CMR) with patients currently taking psychiatric ... events. The research found that 93% of patients ...
(Date:5/4/2015)... , May 4, 2015 MEI Pharma, ... focused on the clinical development of novel therapies ... mitochondria-specific effects of the Company,s investigational drug candidate ... activity when combined with a tyrosine-kinase inhibitor (TKI). ... to be a potent inhibitor of mitochondrial oxidative ...
Breaking Medicine Technology:Bayer Licenses Investigational ISIS FXI(Rx) from Isis Pharmaceuticals to Develop and Commercialize for the Prevention of Thrombosis 2Bayer Licenses Investigational ISIS FXI(Rx) from Isis Pharmaceuticals to Develop and Commercialize for the Prevention of Thrombosis 3Clinical Support Services, Inc. Verifies That Increased Availability of MTM Services Facilitates Identification of Adverse Drug Effects in Psychiatric Patients 2Clinical Support Services, Inc. Verifies That Increased Availability of MTM Services Facilitates Identification of Adverse Drug Effects in Psychiatric Patients 3MEI Pharma's Mitochondrial Inhibitor ME-344 Shows Enhanced Anti-Tumor Activity in Combination with Tyrosine-Kinase Inhibitor in Pre-Clinical Studies 2MEI Pharma's Mitochondrial Inhibitor ME-344 Shows Enhanced Anti-Tumor Activity in Combination with Tyrosine-Kinase Inhibitor in Pre-Clinical Studies 3MEI Pharma's Mitochondrial Inhibitor ME-344 Shows Enhanced Anti-Tumor Activity in Combination with Tyrosine-Kinase Inhibitor in Pre-Clinical Studies 4MEI Pharma's Mitochondrial Inhibitor ME-344 Shows Enhanced Anti-Tumor Activity in Combination with Tyrosine-Kinase Inhibitor in Pre-Clinical Studies 5
Ultra-Slip™ endotracheal tube guide for single-patient use only., ,Caution: Not MRI Compatible....
FlexiSlip™ Plastic coated malleable metal core. Single use, Sterile, Latex Free. Soft distal tip flexes to reduce risk of trauma to patient. Malleable metal core is easy to shape. Low friction ...
Slick® Disposable Endotracheal Stylet, Nylon-coated wire, Malleable core, Sureloc Stop helps maintain desired length for patient safety. Handle forming capability for better grip. Sterile. Single...
... Requires minimal cervical spine manipulation. Prevent ... or nasally. Cost effective alternative to X-ray. ... of the soft tissues in the neck. ... location of the trachea relative to the ...
Medicine Products: