Navigation Links
Lawmakers, Pharmacists Rally Against Express Scripts-Medco Merger Proposal at U.S. Capitol
Date:11/3/2011

WASHINGTON, Nov. 3, 2011 /PRNewswire-USNewswire/ -- National Community Pharmacists Association (NCPA) CEO, B. Douglas Hoey, RPh, MBA, participated in a press conference organized by the Preserve Community Pharmacy Access NOW! (PCPAN) coalition at the U.S. Capitol this morning, culminating an advocacy push that brought community pharmacists to Washington, D.C. from around the nation to urge the Federal Trade Commission (FTC) to reject the proposed mega-merger of pharmacy benefit managers (PBMs) Express Scripts and Medco Health Solutions.

(Logo: http://photos.prnewswire.com/prnh/20100106/DC33253LOGO)

PCPAN is a broad coalition of consumers, business and pharmacists chaired by former U.S. Representative Eva M. Clayton (D-N.C.) in opposition to the merger. Also participating in the press conference were current U.S. Representatives Thomas Marino (R-Pa.) and Joe Courtney (D-Conn.). Hoey issued the following statement:

"The current PBM marketplace is flawed and we fear matters will only get worse if the Express Scripts-Medco mega-merger is approved. NCPA stands united in principled opposition with the Preserve Community Pharmacy Access Now! coalition, members of Congress like Thomas Marino and Joe Courtney, other consumer advocates, small businesses and a host of others.

"Quite simply, the windfall profits of major PBMs have soared and everyone else has been paying the price. To paraphrase independent pharmacist and NCPA member Joseph Lech during a recent Congressional hearing, we've previously heard PBM claims of reducing costs through mergers, but prescription prices keep going up, plan sponsors keep paying more, consumers are paying higher co-pays and pharmacies are being paid less, so where's the money going?

"The marriage of Express Scripts and Medco would give one corporation control of nearly 60 percent of the mail order pharmacy market and 52 percent of the specialty pharmacy market. It could mean more wasteful mail order spending and higher price spikes for specialty drugs. The already limited pharmacy management options for the largest health plans, including the federal government, will grow further captive to the major PBMs. Currently 42 out of the Fortune 50 largest U.S. employers use the 'Big Three' – Express Scripts, Medco or CVS Caremark. It is safe to say that if the merger is green-lighted, the remaining two companies would face little, if any, resistance to raising costs, reducing choice and otherwise putting their own interests ahead of those of employers, patients and others.

"Another reason to oppose the merger is that PBMs have a history of getting their hand caught in the proverbial 'cookie jar.' PBMs have paid the states a total of $370 million for past actions, and now 28 state attorneys general are looking into the merger with a wary eye. The likelihood of further litigation will only increase in a post-merger environment.

"The unchecked, virtually unregulated growth and consolidation among PBMs also reinforces the case that Congress should pass companion bills S. 1058 / H.R. 1971, The Pharmacy Competition and Consumer Choice Act of 2011, and H.R. 1946, The Preserving Our Hometown Independent Pharmacies Act. These bills would significantly boost the patient's choice of pharmacy while effectively curbing questionable PBM business practices that drive up health care costs."

The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies. Together they represent a $93 billion health care marketplace, dispense nearly 40% of all retail prescriptions, and employ more than 315,000 people, including 62,400 pharmacists.  Independent community pharmacists are readily accessible medication experts who can help lower health care spending. They are committed to maximizing the appropriate use of lower-cost generic drugs and reducing the estimated $290 billion that is wasted annually by improper medication use. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.


'/>"/>
SOURCE National Community Pharmacists Association
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Proposed CMS Changes Related to Consultant Pharmacists Raise Profound Concerns for Pharmacies
2. "7th Heaven" and "Game Time" Star Catherine Hicks to Appear at the National Community Pharmacists Associations Convention October 10, 2011 in Nashville for Education Effort to Help Prevent Prescription Medication Abuse
3. Americans Encouraged to Utilize Pharmacists to Control and Combat Diabetes Epidemic
4. Americans Invited to Discuss Medications for Pain and Pain Symptoms with Nations Pharmacists
5. Nations Pharmacists Ready to Administer Seasonal Flu Vaccines
6. American Pharmacists Association Partners with HHS, CDC and CMS in the Million Hearts Initiative
7. PharMEDiums Technology Helps Hospital Pharmacists Ensure Safety
8. Dentists, Pharmacists Raise Awareness of Medication-Induced Dry Mouth
9. New Survey Reveals Pharmacists Are Increasingly Struggling to Care for Patients Amid Predatory Audits, Unfair Reimbursement Practices
10. CVS/pharmacy Encourages Consumers to Consult With Pharmacists
11. Cardinal Health Supports Future Pharmacists with $1.1 Million Pharmacy Scholarship Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/10/2017)... COUNTY, Calif. , Oct. 10, 2017  NDS received FDA ... Mobile  — a medical-grade battery-powered display stand specifically designed for endoscopy ... to transform technology into a clinical solution to support the improvement ... Innovative Design ... ZeroWire Mobile Wireless Solution ...
(Date:10/5/2017)... , Oct. 5, 2017  In response to ... Oral and Maxillofacial Surgeons (AAOMS) released prescribing recommendations ... to be used as a first-line therapy to ... Recognizing the value ... White Paper "Opioid Prescribing: Acute and Postoperative Pain ...
(Date:10/4/2017)... OBP Medical , a leading ... today announced regulatory approval from Brazil,s ... Nacional de Vigilância Sanitária (ANVISA)) to market ... with integrated LED light source and smoke evacuation ... of a tissue pocket or cavity during surgical ...
Breaking Medicine Technology:
(Date:10/13/2017)... , ... October 13, 2017 , ... ... throughout Arkansas that offers insurance and financial preparation services, is providing an update ... City Rescue organization. , Rock City Rescue is a locally recognized nonprofit that ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... ... established the certification process to promote standards of excellence for the field of ... scheduled for March 22 – 25, 2018 in Orlando, Florida at the Omni ...
(Date:10/13/2017)... ... October 13, 2017 , ... Apple Rehab Shelton Lakes ... a mock evacuation of the facility as part of a disaster drill on October ... Hose EMS and Shelton City Emergency Manager, as well as the Connecticut Long ...
(Date:10/13/2017)... ... ... Global Healthcare Management’s 4th Annual Kids Fun Run brought out many kids ... sponsored by Global Healthcare Management’s CEO, Jon Letko, is aimed at getting kids excited ... all ages; it is a non-competitive, non-timed event, which is all about having fun ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the Mountains to ... to save lost souls in the Philippines. “The Journey: From the Mountains to the ... teacher of the Bible. She has taught all ages and currently teaches a class ...
Breaking Medicine News(10 mins):