Navigation Links
Mail-Order Drugs: Deal or No Deal?

Buyers beware. Businesses that encourage employees to order prescription drugs through the mail may not be reaping the financial rewards they think they are//.

In recent years, mail-order pharmacies, owned by pharmacy-benefit managers (PBMs), have become popular among cost-conscious companies offering prescription benefits to their employees. Their belief – supported by a 2005 Federal Trade Commission (FTC) report – is that, overall, drugs purchased by mail cost a lot less than those bought from retail pharmacies.

Not so, according to a new study from the Creighton University School of Pharmacy and Health Professions in Omaha, which disputes the FTC report findings. The study appears in the January issue of Drug Benefit Trends.

“We found that brand-name drugs were slightly less expensive when purchased by mail, but generic drugs were more expensive by mail. When we combine the prices for brand-name and generic prescriptions, any differences virtually disappear,’ said Robert I. Garis, M.B.A., Ph.D., associate professor at the Creighton University School of Pharmacy and Health Professions.

Both the FTC report and the Creighton study were based on 2002 drug prices. Creighton researchers looked at pricing data for the top 50 brand-name and top 50 generic drugs by prescription volume.

The FTC based its report on aggregated price, and the Creighton study priced common drugs according to the terms stated by the FTC. While the use of 2002 data was necessary to compare the Creighton results fairly to the FTC analysis, Garis said the same pricing pattern continues today.

Given a continued increase in generic-drug use by both mail and retail pharmacies and the practice of high markups on generics by PBM-owned mail outlets, he added, retail pharmacies ultimately may offer the better value. He noted that recent reports show generic drugs account for more than 55 percent of all prescriptions dispensed throu gh both mail and retail channels.

“Employers need to ask PBMs more questions about their markups on generics, just as they would when purchasing ink, paper or other supplies,” Garis said. “The truth is that PBMs are racking up record profits through an increased use of generic drugs and an increased use of PBM-owned, mail-order facilities.”

Source-NewswiseBR>SRM
'"/>




Related medicine news :

1. Osteoporosis Drugs: right time to take-off
2. Yoga Can Keep Youths Away From Drugs: Ravi Shankar
3. Antiretroviral Drugs: A Shot in the Arm to Fight Malaria?
4. Addicts in India Taking to Pharmaceutical Drugs: UNAIDS
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:2/6/2016)... FL (PRWEB) , ... February 06, 2016 , ... ... pleased to announce the launch of a new DRTV campaign with Belly Bands. , ... having tried everything from sprays to puppy pads and find nothing works, get ...
(Date:2/5/2016)... Falls, NY & Salt Lake City, UT (PRWEB) , ... February ... ... Davis, Founder of Activz Whole-Food Nutrition , announced that the much-anticipated feature with ... on the New Really Cool Humans Amateur TV Network. , Each week, on his ...
(Date:2/5/2016)... ... February 05, 2016 , ... Looking for a last-minute Valentine’s Day ... tips of your toes. Foot massage, whether administered by a professional masseuse or a ... The American Board of Multiple Specialties in Podiatry (ABMSP) has taken the ...
(Date:2/5/2016)... ... 05, 2016 , ... In the fourth quarter of 2015, ... the La Valencia Hotel in San Diego, California to discuss changes in the ... most outstanding franchise, walking away with the coveted David Wright Award of Excellence. ...
(Date:2/5/2016)... ... February 05, 2016 , ... Pivot Point Consulting, a leading ... Software & Services for HIT Implementation Support & Staffing report with an outstanding ... performance by healthcare executives, managers and clinicians representing over 4,500 hospitals and 2,500 ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... 2016  Aralez Pharmaceuticals Inc. ("Aralez") today announced the ... Tribute Pharmaceuticals Canada Inc. ("Tribute") following approval of the ... The combined company will operate under Aralez Pharmaceuticals Inc. ... Canada , Ireland ... Under the terms of the Agreement and Plan of ...
(Date:2/5/2016)... , Feb. 5, 2016  Venice,s newest laser ... the first of its kind in the area ... through advanced laser treatment. The physician-owned and operated ... Suncoast by storm with its revitalizing skin ... advanced multi-wavelength Astanza Trinity technology. http://photos.prnewswire.com/prnh/20160204/329957 ...
(Date:2/5/2016)... Ind. , Feb. 5, 2016  Zimmer Biomet ... pricing of the previously announced underwritten secondary offering of ... its stockholders, consisting of affiliates of Blackstone and Goldman ... at an initial price of $96.45 per share. The ... the offering.  Neither Zimmer Biomet nor any of its ...
Breaking Medicine Technology: