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NY Pharmacy Bill Sent to Governor Would Raise Drug Prices
Date:12/1/2011

WASHINGTON, Dec. 1, 2011 /PRNewswire-USNewswire/ -- Assembly Bill 5502-B—transmitted to Governor Andrew Cuomo yesterday—would needlessly raise the cost of many prescriptions in New York by 10 percent, according to the Pharmaceutical Care Management Association. If enacted, the Bill would prohibit consumers from getting discounted prescriptions through mail-service pharmacies.

The Federal Trade Commission warns that AB 5502-B will "harm consumers" and "raise prices for, and reduce access to, prescription drugs." And in an editorial, The New York Times says the bill looks like "a favor to retail drug lobbyists that could actually drive up costs for consumers."

"It's wrong for the drugstore lobby to ask Governor Cuomo to sign a bill that enriches them by making businesses and consumers pay more for prescription drugs. Governor Cuomo should veto this bill because employers need every cost saving tool they can get in this economy and mail-service pharmacy is at the top of the list," said PCMA President and CEO Mark Merritt.

Even a lead lobbyist for the bill, Craig Burridge, admits that it could raise costs, telling the New York Times that "drug plans negotiated by labor unions would be exempt from the law if the unions required members to use mail-order pharmacies as a way of saving money."

Mail-service pharmacies offer 90-day prescriptions that are less expensive and more convenient than driving to the drugstore every 30 days. With mail-service pharmacies, patients can get private counseling over the phone from trained pharmacists seven days a week, 24 hours a day. Numerous government and peer-reviewed data have confirmed the incre
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SOURCE Pharmaceutical Care Management Association
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