Navigation Links
Nationwide Coalition Blasts ESI CEO George Paz for Slighting Community Pharmacists
Date:2/27/2012

WASHINGTON, Feb. 27, 2012 /PRNewswire/ -- The Preserve Community Pharmacy Access NOW! (PCPAN) coalition today blasted George Paz, chief executive officer of Express Scripts, Inc. (ESI) for slighting and devaluing community pharmacists in comments made during the question and answer portion of the company's Q4 2011 Earnings Call.  On the February 23 call, Paz said, "NEXIUM is NEXIUM, LIPITOR is LIPITOR, drugs are drugs and it shouldn't matter that much [who is] counting to 30."  According to PCPAN, the comment is part of a pattern demonstrating the true feelings on the part of the pharmacy benefit manager (PBM) about pharmacists and should raise serious concerns about allowing it to merge with Medco, as it would mean lost jobs for the community pharmacy industry.

"ESI and Medco have spent the last several months trying to defend their merger against claims it would result in decreased access to local community pharmacies, but recent comments demonstrate that ESI and Medco completely devalue pharmacists and show that the claims are indeed valid," said former Congresswoman Eva M. Clayton, chairwoman of the Preserve Community Pharmacy Access NOW! (PCPAN) coalition.  "Comments like this should raise serious concerns about how a combined company with such an attitude would treat pharmacies that provide important services and employ people in our communities.  This is yet another reminder that this merger must be stopped."

ESI and Medco have tried to deny claims the merger would negatively impact smaller pharmacies, but comments from the companies' CEOs show the pharmacists have reason to be concerned.  Last December, Paz testified that he, "Can't stop certain pharmacies from going out of business," while David Snow, CEO of Medco has claimed that, "Medco's 'robots' are 'twenty-three times more accurate' than human pharmacists, in terms of errors in dispensing prescriptions."

Last July, ESI and Medco announced plans to merge in a $29 billion deal that could take effect as soon as early this year.  The controversial deal has been the target of intense scrutiny – as elected officials including attorneys general in dozens of states, pharmacy service providers, consumer advocates, patient groups and others have raised concerns about the impact of an approved merger.

Independent and community pharmacists, in particular, have expressed concern that approving the deal would combine two of the three largest PBMs in the nation – creating a mega-PBM with excessive control and concentrated market share.  They say smaller pharmacies would not have the power to negotiate with such a major player and would be forced to accept unreasonably low reimbursement rates for prescription drugs – making it hard to stay in business. 

"Nothing good can come from combining two health care giants that do not see the value in community pharmacists, and that have incentives to drive customers away from pharmacies and into their own mail-order programs," Clayton continued.  "The truth is an approved merger could have a devastating effect on health care and jobs in this country.  The merger needs to be stopped."

A full transcript of the call can be found here.

Preserve Community Pharmacy Access NOW! is a coalition of consumers, businesses and community-based pharmacists from across the country that have come together for the purpose of opposing the planned merger between Express Scripts Inc. and Medco Health Solutions Inc.  PCPAN is a project of Pharmacy Choice and Access Now.


'/>"/>
SOURCE Preserve Community Pharmacy Access NOW!
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. American Regent Initiates Nationwide Voluntary Recall of Phenylephrine HCl Injection, USP, 1%, 5 mL Vial, Lot# 0693, Due to Visible Particles
2. Bedford Laboratories™ Issues Nationwide Voluntary Recall of Cytarabine for Injection, USP, 1 Gram Per Vial
3. MiMedx Announces Nationwide Launch of AmnioFix® Injectable at American Academy of Orthopaedic Surgeons Annual Meeting
4. Medical Alarm Concepts and Harrington Media Announce Final Schedule for MediPendant™ Nationwide Television Test Launch
5. Novartis Consumer Health Inc. Issues Voluntary Nationwide Recall of Certain Over-the-Counter Products Due to Potential Presence of Foreign Tablets or Chipped or Broken Tablets or Gelcaps
6. Nationwide Coalition Responds to Express Scripts CEO Statement: "I Cant Stop Certain Pharmacies From Going Out of Business"
7. Heart IT and Johns Hopkins Medicine Announce the Award of NIH Grant to Include Images in the Nationwide Health Information Network (NHIN)
8. Nationwide Coalition Urges FTC to Take Notice of Growing Opposition to Mega-PBM Merger
9. Sanofi Pasteur Launches Nationwide Education Campaign to Help Parents Make Informed Decisions about Immunization
10. Nationwide Coalition Joins Reps. Courtney & Marino Outside U.S. Capitol To Oppose Express Scripts/Medco Merger
11. Blue Cross and Blue Shield Association Supports the Drug Enforcement Administrations Nationwide Prescription "Drug Take-Back Day"
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... Research and Markets has announced the addition of the "Menopause Drugs ... ... Price Analysis and Strategies - 2016, provides drug pricing data and benchmarks ... What are the key drugs marketed for ... Menopause market? What are the unit prices and annual ...
(Date:2/23/2017)... Research and Markets has announced the addition ... 2016" report to their offering. ... The latest research Oesophageal Cancer Drugs Price ... in the global Oesophageal Cancer market. The research answers ... key drugs marketed for Oesophageal Cancer and their clinical attributes? How ...
(Date:2/23/2017)... Calif. , Feb. 23, 2017 ... company focused on the development and commercialization of ... pain, announced that it will release fourth quarter ... Thursday, March 2nd, 2017. AcelRx management will host ... Time (1:30 p.m. Pacific Time) on March 2 ...
Breaking Medicine Technology:
(Date:2/24/2017)... ... 24, 2017 , ... Dr. Ronald E. Hawkins, vice president ... of Peter A. Bell, DO, MBA, HPF, FACOEP-dist., FACEP, as the new dean ... Dr. Bell comes to Liberty from the Ohio University Heritage College of Osteopathic ...
(Date:2/24/2017)... ... February 24, 2017 , ... In the Health Care IT campaign, Robert Herjavec ... it’s not if you will be attacked, but when.” However, he and many others ... health care. , Improvements in auditing and monitoring have taken security in health care ...
(Date:2/24/2017)... Texas (PRWEB) , ... February 24, 2017 , ... ... to The Medical Center at Craig Ranch building at 8080 State Highway 121, Suite ... Medical District with easy access to Highway 121. , As the practice has grown, ...
(Date:2/24/2017)... ... , ... With ProGlass Prism users now have the ability to simulate prism ... position, rotation, distortion, edge softness, edge blur, chromatic aberration, individual glass position offset, anchor ... Prism users are given the tools and effects to generate a fractal prismatic ...
(Date:2/24/2017)... ... February 24, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at ... concerning this present generation. Yisrayl makes an astounding statement when he says that ... explains that the Bible details the current times so plainly that anyone should be ...
Breaking Medicine News(10 mins):