Navigation Links
Federal Trade Commission: Mississippi SB 2445 'Likely Will Increase Drug Costs, Reduce Competition'
Date:3/23/2011

WASHINGTON, March 23, 2011 /PRNewswire-USNewswire/ -- In a letter to Mississippi State Representative Mark Formby this week, the Federal Trade Commission (FTC) warns that a bill shifting regulatory authority over pharmacy benefit managers (PBMs) from the Mississippi Insurance Commissioner to the Board of Pharmacy "may increase pharmaceutical prices and reduce competition." The FTC also states that the Mississippi legislature should "seriously consider whether there are benefits to consumers from the additional, more restrictive regulations in the bill that would outweigh the competitive harm and consumer costs."

SB 2445 would create a conflict of interest since Board members are pharmacists, a group which contracts with PBMs and could financially benefit from the policies they set. The FTC states that this provision could make "collusion easier and increase prescription drug prices if the Pharmacy Board obtains and discloses PBMs' competitively sensitive information to pharmaceutical manufacturers, pharmacists, and pharmacies."

"The Federal Trade Commission's comments on SB 2445 make it clear that it is anticompetitive and will increase prescription drug costs," said Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt. "SB 2445 would hurt consumers and should be rejected by the Mississippi legislature."

PCMA represents the nation's PBMs, which improve affordability and quality of care through the use of electronic prescribing (e-prescribing), generic alternatives, mail-service pharmacies, and other innovative tools for 210-plus million Americans. They also play a major role in administering the Medicare Part D drug benefit – a rare public program that routinely comes in under budget and is highly popular with seniors. PBMs typically reduce drug costs by about 25 percent.

Click

SOURCE Pharmaceutical Care Management Association
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Woman Files Suit in Beaumont, Texas Federal Court Against DePuy Orthopaedics and Johnson & Johnson Over Recalled Hip Device
2. Woman Files Suit in Federal Court Against DePuy Orthopaedics, Inc.,/Johnson & Johnson Over Recalled Hip Device
3. Federal Government Obtains Permanent Injunction Against Deltex Pharmaceuticals Inc.
4. Federal Lawsuits Involving Defective Hip Replacement Parts Consolidated In Ohio
5. States, Federal Government Could Save $30 Billion by Managing Medicaid Pharmacy More Like Medicare and Commercial Sector Programs
6. Epeius Biotechnologies Awarded Federal Grant Advancing Tumor-Targeted Cancer Therapy
7. GeoVax Awarded Federal Grant Under the Qualifying Therapeutic Discovery Project Program
8. Cardiogenesis Receives Research Award From Federal Government
9. Indiana Life Sciences Start Ups Garner More than $1.5 Million in Competitive Federal Funding
10. Federal Panel Grants Lanier Law Firm Motion for Hearing on National Coordination of DePuy Hip Implant Lawsuits
11. Parents Bring Federal Lawsuit After Tainted Baby Formula Injures Newborn
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/20/2014)... , Aug. 20, 2014  The National Association ... latest results achieved by the real-time, pseudoephedrine (PSE) ... National Precursor Log Exchange (NPLEx), automatically blocks unlawful ... down methamphetamine offenders and make arrests. Data released ... Missouri blocked the sale of more ...
(Date:8/20/2014)... 20, 2014 Reportlinker.com announces that a ... catalogue: The Impact of Healthcare Reform ... http://www.reportlinker.com/p01618927/The-Impact-of-Healthcare-Reform-PPACA-On-the-US-IVD-Industry.html The "Patient ... complex legislation that affects virtually every aspect of ... beginning to take effect now. IVD manufacturers who ...
(Date:8/20/2014)... Reportbuyer.com has added a new market research ... https://www.reportbuyer.com/product/98394/Global-Cardiac-Defibrillators-Industry.html This report analyzes the ... the following Product Segments: Implantable/Internal Cardiac Defibrillators, and External ... US, Canada , Japan ... Asia-Pacific , Middle East ...
Breaking Medicine Technology:Missouri's Stop-Sale System Achieves Significant Results In Battle Against Meth 2The Impact of Healthcare Reform (PPACA) On the U.S. IVD Industry 2The Impact of Healthcare Reform (PPACA) On the U.S. IVD Industry 3The Impact of Healthcare Reform (PPACA) On the U.S. IVD Industry 4The Impact of Healthcare Reform (PPACA) On the U.S. IVD Industry 5The Impact of Healthcare Reform (PPACA) On the U.S. IVD Industry 6Global Cardiac Defibrillators Industry 2Global Cardiac Defibrillators Industry 3Global Cardiac Defibrillators Industry 4Global Cardiac Defibrillators Industry 5Global Cardiac Defibrillators Industry 6Global Cardiac Defibrillators Industry 7Global Cardiac Defibrillators Industry 8Global Cardiac Defibrillators Industry 9Global Cardiac Defibrillators Industry 10Global Cardiac Defibrillators Industry 11Global Cardiac Defibrillators Industry 12Global Cardiac Defibrillators Industry 13Global Cardiac Defibrillators Industry 14Global Cardiac Defibrillators Industry 15Global Cardiac Defibrillators Industry 16Global Cardiac Defibrillators Industry 17Global Cardiac Defibrillators Industry 18Global Cardiac Defibrillators Industry 19Global Cardiac Defibrillators Industry 20
(Date:8/21/2014)... August 21, 2014 OpsAssure, the ... start-ups selected to participate in the Harbor Accelerator's ... mentorship, curriculum sessions and valuable resources.he Harbor’s goal ... the region. Each start-up selected for the program ... order to help businesses grow quickly, test markets ...
(Date:8/21/2014)... Recently nominated as the Women’s Radio Network’s “Top Host”, KC ... man he is today. Growing up, KC was greatly influenced ... women, respecting them as professionals and individuals. Through his struggles to ... man who he had the pleasure of working very closely to ... will ring a bell to most of you who, like many ...
(Date:8/21/2014)... 21, 2014 Recently, BambooIndustry.com, one of ... has added a new range of hand scraped ... firm has launched an Autumn special offer for these ... clients can get a discounted price, up to 25% ... September 05. , Providing natural looks and available ...
(Date:8/20/2014)... August 21, 2014 Top 10 ... web hosting companies and announced Bluehost ( http://www.bluehost.com/track/seohosts ... hosting companies that provide high quality PHP hosting ... Top 10 Best SEO Hosting are unbiased and ... the best information possible. During the recent years, ...
(Date:8/20/2014)... August 21, 2014 On September 7th, 2014 ... MS organization connects people living with MS with people who ... dollars and are 85% of the way to their goal. ... registration begins at 11:30 and the walk starts at ... available to answer question about chiropractic care and how it ...
Breaking Medicine News(10 mins):Health News:WRNW1's KC Armstrong Expresses Thanks and Appreciation to Howard Stern 2Health News:Cheap Hand Scraped Bamboo Floorings Recently Unveiled by BambooIndustry.com 2Health News:New Reviews Of Cheap PHP Hosting Companies Unveiled By Top 10 Best SEO Hosting 2Health News:Dr. Kelch of AlignLife North Peoria Supports Peoria Annual Walk MS 2
... findings of a study carried out at Hammersmith hospital reveal ... as effective at protecting women from developing cervical abnormalities as ... Professor Jack Cuzick of Barts and The London School of ... 2008) in the International Journal of Cancer. , Nearly 3,000 ...
... NEW YORK, May 14 The F.A.C.E. ... help connect and empower African-Americans,to take a ... report from Eli Lilly and Company at:, ... video, audio, text, graphics and,photos for free ...
... Cancellation Lawsuits Contributed,$804,600 to Governor, SANTA MONICA, Calif., ... industry insiders the state,s top HMO,regulator is considering a ... paying for past medical bills for some patients whose ... is also rumored to include,provisions designed to limit Kaiser,s ...
... Danny Diaz released the following statement today:, "Barack ... by Congress raises serious doubts about his understanding of,what ... actually is. His refusal,to enforce the law reveals that ... job of President, or that he fundamentally lacks the,judgment ...
... 15th issue of G&D, Dr. Guillermina Lozano (MD Anderson Cancer ... form of p53 affects oncogenesis, and lends startling new insight ... therapy. , "Our data are both exciting and sobering: we ... to treatment, emphasizes Dr. Lozano. , One function of the ...
... Inc.,(NYSE: NUS ) today announced the board of ... which will be paid on June 18, 2008, to,stockholders ... Nu Skin Enterprises, Inc. is a global direct ... and Europe. The company markets,premium quality personal care products ...
Cached Medicine News:Health News:Research shows HPV testing offers women protection for twice as long as smear testing 2Health News:Consumer Watchdog Warns HMO Regulator Not to Side With Insurers Over Illegal Coverage Cancellations 2Health News:RNC RESPONSE TO OBAMA COMMENTS ON MEDICAL MARIJUANA LAWS 2
... 400 Series Spectrophotometer is ... to UV-VIS instrumentation. The ... incorporated into a radically ... features and performance unprecedented ...
... the user to quickly and accurately count bacteria ... counting or manual counting. An optional 1.5X auxiliary ... to 3.0X. The adjustable focusing rod allows the ... The lens also rotates a full 360 for ...
The Accucount 2000 is designed to automatically count microscopic objects in a field displaying totals on a highly visible digital readout....
... Bacterial Enumeration System. Bacterial concentration is determined ... by the volume dispensed in the same ... volume of sample is dispensed on the ... an Archimedes spiral. The volume is calibrated ...
Medicine Products: