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:3/22/2017)... ... March 22, 2017 , ... Influence Health, ... marketing solutions have enabled Children’s Hospital of The King’s Daughters (CHKD) to achieve ... the value of a digital marketing approach, the 206-bed pediatric teaching hospital in ...
(Date:3/22/2017)... New York (PRWEB) , ... March 22, 2017 ... ... Children’s Hospital have entered into a research collaboration to translate advances in basic ... neurological impairments at Blythedale and beyond. The collaboration seeks to improve movement, vision, and ...
(Date:3/22/2017)... ... March 22, 2017 , ... The Vanderbeck Agency, a Long Island firm ... region, is embarking on a combined charity effort with the Great Neck Breast Cancer ... 25 years, the Great Neck Breast Cancer Coalition has worked to support breast cancer ...
(Date:3/22/2017)... NC (PRWEB) , ... March 22, 2017 , ... Chris ... assistance to families and business professionals throughout the coastal plains region, is initiating a ... to overcome cancer. , Dillyn was first diagnosed with leukemia on a Friday evening ...
(Date:3/22/2017)... ... March 22, 2017 , ... HealthiPASS, Inc., announces ... creating a positive patient experience. , HealthiPASS has further enhanced its predictive ... by helping them understand their financial responsibility. “Our latest release focuses on ...
Breaking Medicine News(10 mins):
(Date:3/22/2017)... 2017 TFS is pleased to announce the ... Tumaian , two global executive positions in Medical Affairs and Clinical ... Leadership Team and will report to Dr. Montse Barceló , ... ... 10 years of medical and scientific expertise gained across leading biopharmaceutical ...
(Date:3/22/2017)... March 22, 2017  As the world,s leading non-profit ... Society (LLS) has played a role in most therapies ... which are even helping patients with other cancers and ... significant investment in cutting-edge research – more than $1 ... grow with the record-breaking sum of $4.1 million raised ...
(Date:3/22/2017)... March 22, 2017 NetworkNewsWire Editorial Coverage  ... Deciphering ... differing statements by White House officials. Federal laws are at ... for medical and/or recreational use, and businesses like SinglePoint, Inc. ... (NASDAQ: CRBP), Medical Marijuana, Inc. (OTC: MJNA), Cannabis Science, Inc. ...
Breaking Medicine Technology: