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Pharmacists Press Conference Urging Senate Majority Leader Harry Reid to Fix Flawed Medicaid Drug Reimbursement Rule
Date:11/5/2007

CARSON CITY, Nev., Nov. 5 /PRNewswire-USNewswire/ -- The following was issued by the National Community Pharmacists Association:

Pharmacist press conference to discuss new Medicaid generic prescription drug reimbursement rule and need for Senate Majority Leader Harry Reid (D-Nev.) to use his power to make sure the legislative fix is considered before Congress adjourns for the year. The rule, scheduled to be fully implemented in early 2008, will grossly underpay pharmacists and puts patient access to their services at risk.

WHO: Kirk Wentworth, RPh, Owner of MedCare Pharmacy in Carson City,

Nev.

Dennis Gailey, RPh, Owner of Medicine Shoppe #1413 in Fallon,

Nev.

Julie Gabica, MedCare Pharmacy long-time customer

Barbara Friedman, Patient of MedCare long-time customer

WHEN: November 8, 2007, at 1:30 p.m., Pacific Time

WHERE: MedCare Pharmacy

1851 N, Carson Street

Carson City, Nev. 89701

775-885-8881

WHY: The Centers for Medicare and Medicaid Services published the

Medicaid reimbursement rule on July 17, and the implementation

process will be complete January 30. At that time, community

pharmacies will be faced with a burden that could not only cause

difficulty in participating in the Medicaid program, but

sustainability in the business community. These challenges will

be due in part to low reimbursement rates based on an inaccurate

Average Manufacturer Price (AMP) formula. According to a

Government Accountability Office report, on average, pharmacies

will be paid 36 percent below their acquisition costs for the

generic prescriptions of Medicaid patients.

The legislative fix is S.1951, the Fair Medicaid Drug Payment Act

of 2007. The bill removes discounted mail order and pharmacy

benefit manager prices that are unavailable to community

pharmacies and unfairly lower the overall AMP formula; requires

Medicaid payment be calculated using the weighted average of the

Medicaid generic drugs based on their actual utilization;

restores the practice of using three available generic products

for the calculation; increases the maximum allowable

reimbursement from 250 percent of the AMP to 300 percent; and

encourages more inexpensive generic drug usage by requiring prior

authorization of brand name drugs. Each measure is aimed at

bringing fairness to the reimbursement system and preserving

patient access to prescription drugs.


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SOURCE National Community Pharmacists Association
Copyright©2007 PR Newswire.
All rights reserved

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