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:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... Pixel Film ... Pro X. , "Film editors can give their videos a whole new perspective by ... Austin - CEO of Pixel Film Studios. , ProSlice Levels contains over 30 ...
(Date:6/26/2016)... ... , ... Brent Kasmer, a legally blind and certified personal trainer is helping to develop a ... fitness app plans to fix the two major problems leading the fitness industry today:, ... type program , They don’t eliminate all the reasons people quit their exercise ...
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due ... up a new, often overlooked aspect of head lice: the parasite’s ability to live away ... a common occurrence, but a necessary one in the event that lice have simply gotten ...
(Date:6/25/2016)... , ... June 25, 2016 , ... First Choice ... States, named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm ... Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... addition of the "Structural Electronics 2015-2025: Applications, ... In-Mold Electronics, Smart ... Integrated Photovoltaics Structural electronics involves ... as load-bearing, protective structures, replacing dumb structures such ...
(Date:6/24/2016)... According to a new market ... Needles, Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, ... of Purchase (Retail, Non-Retail) - Trends & Global Forecasts ... market for the forecast period of 2016 to 2021. ... by 2021 from USD 1.65 Billion in 2016, growing ...
(Date:6/23/2016)... , June 23, 2016 Research and ... Global Market - Forecast to 2022" report to their ... treatment method for the patients with kidney failure, it replaces ... fluid from the patient,s blood and thus the treatment helps ... and chloride in balance. Increasing number of ...
Breaking Medicine Technology: