Navigation Links
PCMA Statement on Independent Pharmacy Antitrust Legislation
Date:10/18/2007

HR 971 Would Increase the Cost of Prescription Drugs

WASHINGTON, Oct. 18 /PRNewswire-USNewswire/ -- The Pharmaceutical Care Management Association (PCMA) issued the following statement in response to today's House Judiciary Committee Antitrust Task Force hearing on legislation that would grant independent pharmacists sweeping antitrust exemptions:

"This bill couldn't have come at a worse time for policymakers and consumers alike. As most everyone is searching for new ways to save money on prescription drugs, this proposal would dramatically increase costs while providing no corresponding upside for consumers.

"By exempting pharmacies from antitrust laws, HR 971 would give independent pharmacies the right to collude to raise prescription drug prices. The pharmacy antitrust exemptions in this legislation would increase prescription drug costs for Medicare and commercial payors by up to 11.8 percent, or $29.6 billion over five years, according to an analysis from CRA International.

"This bill also fails to take into account the fact that most independent pharmacies already hire groups called Pharmacy Service Administrative Organizations (PSAOs) which collectively bargain on their behalf for higher payments in Part D and other programs. Independent pharmacies also use PSAOs to win rebates from drug manufacturers and to serve as a "go-between" to process payments from PBMs and health plans.

"Additionally, rural pharmacies enjoy further leverage due to the broad pharmacy network access standards required in Medicare."

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©2007 PR Newswire.
All rights reserved

Page: 1

Related medicine news :

1. Time for Bono to Rock The Independent For AIDS Awareness
2. Formation of Blood Clots During Travel Independent of Form of Travel
3. More Aggressive Breast Cancer in Hispanics Independent of Health Care Utilization
4. States Spending may Help Keep Childless Seniors Independent
5. A success for the Indian pharmacy: gets licence to manufacture Tamiflu
6. Morning-After Pill At The Local Pharmacy Could Prevent Unwanted Pregnancies
7. Pharmacy Board Says Pharmacists Have Right To Refuse Morning-After Pill
8. Pharmacy Care Program Can Increase Medication Adherence in Elderly
9. Karnataka Pharmacy Gets Licence to Produce Medicines from White Arecanut
10. California Pharmacy Chain Provides Services to Hispanic Community
11. Doctors Seek Legislation To Protect Them
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... The International Association of Eating ... excellence for the field of eating disorders, announces the opening of early registration ... Orlando, Florida at the Omni Resort at ChampionsGate. , The annual ...
(Date:10/13/2017)... ... ... Apple Rehab Shelton Lakes , which specializes in the delivery of ... part of a disaster drill on October 3rd. , Apple Rehab participated with the ... as well as the Connecticut Long Term Care Mutual Aid Plan (LTC-MAP). The ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to ... to save lost souls in the Philippines. “The Journey: From the Mountains to the ... teacher of the Bible. She has taught all ages and currently teaches a class ...
(Date:10/12/2017)... New Orleans, LA (PRWEB) , ... October 12, 2017 , ... ... fitness centers in the U.S., announced today its plans to open a flagship location ... club will occupy the former Rooms To Go store next to Office Depot in ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... -- Diplomat Pharmacy, Inc. (NYSE: DPLO ) ... , and named its founder as Diplomat,s chief information ... Tennessee , will operate under Diplomat subsidiary Envoy ... for health care partners to include IT outsourcing, consulting, ... "In an interoperable world, technology delivers comprehensive insight and ...
(Date:9/28/2017)... 2017 Hill-Rom Holdings, Inc. (NYSE: HRC), will ... and webcast on Friday, November 3, 2017, beginning at ... at approximately 8:30 a.m. (CDT) / 9:30 a.m. (EDT). ... financial performance and guidance for 2018, Hill-Rom executives will ... operational performance, and long-range financial outlook through 2020. ...
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., ... vaccine design, and immune-engineering today announced the launch ... the development of personalized therapeutic cancer vaccines. EpiVax ... provided exclusive access to enabling technologies to the ... MBA will lead EpiVax Oncology as Chief Executive ...
Breaking Medicine Technology: