Navigation Links
Medicare Part D Preferred Pharmacy Networks Reducing Costs, Popular with Seniors

WASHINGTON, Feb. 9, 2012 /PRNewswire-USNewswire/ -- New 2012 Medicare Part D data released by the Centers for Medicare & Medicaid Services (CMS) show the growing popularity among Medicare Part D beneficiaries in choosing plans featuring lower cost preferred pharmacy network options. Enrollment in plans with preferred pharmacy networks has grown twice as fast as conventional plans and is offered by many of the largest Part D plan sponsors. Now almost a third of all beneficiaries are enrolled in a preferred pharmacy network plan, which can have premiums as low as $15 dollars a month and $0 dollar copays.

Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt released the following statement on the new data:

"New CMS data, which shows that beneficiaries are flocking to lower cost Part D plans with competitive pharmacy networks, is great news for Medicare, seniors, and American taxpayers.

"Recent surveys confirm that 61 percent of employers say it is a good idea to allow employers to choose lower cost plans that exclude the most expensive drugstores from their coverage network, while more than four-fifths of insured adults are unwilling to pay higher premiums to gain access to more drugstores. Consumers want America's 60,000 pharmacies to compete for their business and are willing to reward those that offer lower prices.

"This new evidence is a stumbling block for special interests fighting to stop Part D plans from offering seniors the choice of lower cost, high performance pharmacy networks."


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

Page: 1

Related medicine technology :

1. Triple-S Salud and American Health Medicare Partner With MedAssurant
2. Pharmacists Ask Medicare to Help Seniors Complaining About Inadequate Pharmacy Access in Medicare Prescription Drug Plans
3. American Association of People With Disabilities and Consumer Advocates Strongly Oppose Medicare Wheelchair Policy That Will Harm Medicare Beneficiaries
4. Michigan Seniors and Disabled Population Face Restricted Access to Power Wheelchairs Unless Congress Stops New Medicare Program
5. Bipartisan Group of 22 House Members ask CMS to Stop Prepayment Review Project that would Jeopardize Care for Medicare Beneficiaries
6. Congress Asked to Stop Policy That Would Restrict Access to Mobility Assistance for Medicare Beneficiaries in New York
7. American Association for Homecare Urges Congress to Enact Market-Based Alternative to Medicares Bidding Program for Home Medical Equipment
8. Homecare Providers and Consumer Advocates Urge Congress to Stop Ineffective Medicare Payment Review Process for Mobility Equipment
9. New MediCare International Excess Options Give up to 50% Premium Discount
10. MiMedx Group Receives HCPCS C-Code from Medicare for EpiFix® Reimbursement
11. CVS/pharmacy Ready to Provide Assistance During Medicare Part D Annual Enrollment Period
Post Your Comments:
(Date:6/23/2016)...  MedSource announced today that it has selected ... of choice.  This latest decision demonstrates MedSource,s commitment ... clients by offering a state-of-the-art electronic data capture ... as the EDC platform of choice in exchange ... has long been a preferred EDC platform by ...
(Date:6/23/2016)... June 23, 2016 Any dentist who has made ... the current process. Many of them do not even offer ... difficulties and high laboratory costs involved. And those who ARE ... at such a high cost that the majority of today,s ... Dr. Parsa Zadeh , founder of Dental Evolutions Inc. ...
(Date:6/23/2016)... 2016  In a startling report released today, National Safety ... lacking a comprehensive, proven plan to eliminate prescription opioid overdoses. ... how states are tackling the worst drug crisis in recorded U.S. ... Kentucky , New Mexico , ... Of the 28 failing states, three – Michigan ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... June 27, 2016 , ... ... technology to revolutionize the emergency ambulance transport experience for the millions of people ... how Uber has disrupted the taxi industry through the use of technology. Now, ...
(Date:6/26/2016)... , ... June 27, 2016 , ... Quality metrics are ... in many ways they remain in the eye of the beholder, according to experts ... publication of The American Journal of Managed Care. For the full issue, click ...
(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ProSlice Levels, a ... can give their videos a whole new perspective by using the title layers ... Film Studios. , ProSlice Levels contains over 30 Different presets to choose from. ...
(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)... (PRWEB) , ... June 25, 2016 , ... ... health policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, ... work on several important health care topics including advance care planning, healthcare costs ...
Breaking Medicine News(10 mins):