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Nationwide Coalition Opposes Express Scripts/Medco Merger
Date:10/19/2011

WASHINGTON, Oct. 19, 2011 /PRNewswire/ -- The Preserve Community Pharmacy Access NOW! (PCPAN) coalition today announced its opposition to the proposed merger between two of the largest pharmacy benefit management (PBM) companies, Express Scripts Inc. and Medco Health Solutions Inc. The coalition of consumers, businesses and community-based pharmacists from across the country will inform policymakers, the public and the media about the impact of an approved merger on consumers.

PBM companies, which serve as middlemen between corporations or insurance companies and patients already have a powerful and unfair advantage when it comes to setting prescription-medicine prices and reimbursement rates for community-based pharmacies. The merger between two of these middlemen, which could go into effect as soon as early 2012, would create a mega Pharmacy Benefit Management company with excessive control over the healthcare of tens-of-millions of Americans. This would limit our access to and choice of pharmacies.

"With a growing population competing for access to limited resources, Americans face enough challenges – including receiving equal and affordable access to quality health care. This is particularly true for lower-income and minority Americans," said former Congresswoman Eva M. Clayton, Chairwoman for the Preserve Community Pharmacy Access NOW! (PCPAN) coalition. "Creating a giant health care system middleman by combining Express Scripts and Medco will hurt quality, raise prices and limit access to our trusted community pharmacists. This simply is not in the best interests of patients, employers or healthcare in America, and I hope that Congress and the Administration will stand up for American patients and oppose the merger."

The merger mega-PBM would control much of the supply line of brand-name and generic drugs, especially
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SOURCE Preserve Community Pharmacy Access NOW! (PCPAN)
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