Navigation Links
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.


'/>"/>
SOURCE National Community Pharmacists Association
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Medco Unveils Three New Medicare Prescription Drug Plan Options for 2008 to Provide Seniors More Choice, Better Value and Specialist Pharmacists
2. CVS Caremark Celebrates American Pharmacists Month by Thanking Its 20,000 Pharmacists
3. Maryland Pharmacists Urge House Majority Leader Hoyer to Put Patients First
4. Lisa Camooso Miller Joins National Community Pharmacists as Vice President of Public Affairs
5. By 2012, Prescribing Pharmacists Could Influence $145 Billion in Drug Sales
6. CVS Pharmacists Serve a Vital Role in Helping Patients Manage Diabetes
7. Fluctuating eye pressure associated with visual field deterioration in glaucoma patients
8. Children of depressed moms do better when dad is involved, SLU researcher finds
9. Clinical depression linked to abnormal emotional brain circuits
10. Tumors use enzyme to recruit regulatory T-cells and suppress immune response
11. Specific antagonism lowers blood pressure
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Dickinson ... offers insurance and financial preparation services, is providing an update on a charitable ... , Rock City Rescue is a locally recognized nonprofit that provides shelter and ...
(Date:10/13/2017)... Nevada (PRWEB) , ... October 13, 2017 , ... ... Hemp CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil ... required and providing a CBD form that can be easily incorporated into liquid products, ...
(Date:10/13/2017)... , ... October 13, 2017 , ... The Visiting Nurse ... Market. Featuring a collection of specialty vendors and unique items from across the nation, ... quality-focused health and wellness services offered by the VNA. The boutique will be ...
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, a leader in agile ... a contract by the Center for Medicare and Medicaid Services (CMS). The Enterprise ... use of Agile methodologies in a consistent and high value manner across CMS ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and fastest ... to open a flagship location in Covington, LA at 401 N. U.S. Highway 190, ... next to Office Depot in the Holiday Square shopping center. Its location allows it ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... , Oct. 10, 2017   West Pharmaceutical Services, ... solutions for injectable drug administration, today shared the results ... Adapter for improving the intradermal administration of polio vaccines. ... Vaccination Summit in May 2017 by Dr. Ondrej ... Department, World Health Organization (WHO), and recently published in ...
(Date:10/4/2017)... , Oct. 4, 2017 ... single-use, self-contained, illuminating medical devices, today announced regulatory ... Health Surveillance Agency (or Agência Nacional de Vigilância ... first single-use, cordless surgical retractor with integrated LED ... optimal access, illumination and exposure of a tissue ...
(Date:10/2/2017)... The Rebound mobile app is poised to become a vital ... prescription drug addiction. The app empowers users to develop an ... their dosage in a safe, controlled manner while maximizing well-being. ... 100,000 people to sign up will enjoy 3 months of ... ...
Breaking Medicine Technology: