Navigation Links
Nationwide Coalition Responds to Express Scripts CEO Statement: "I Can't Stop Certain Pharmacies From Going Out of Business"
Date:12/8/2011

WASHINGTON , Dec. 8, 2011  /PRNewswire-USNewswire/ -- The following was released today by Preserve Community Pharmacy Access NOW! (PCPAN):

Less than 24 hours after releasing a study claiming that the merger of Express Scripts Inc. (ESI) and Medco, two pharmacy benefit managers (PBMs), would save consumers billions of dollars in health care costs, George Paz, ESI's chief executive officer testified before the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights and responded to a question about the merger with, "I can't stop certain pharmacies from going out of business."

Several U.S. Senators expressed concern about the proposed merger at the hearing, including Subcommittee Chairman Herb Kohl of Wisconsin who said,"It is notable that no large employer who privately expressed concerns to us wished to testify at today's hearing, often telling us that they feared retaliation from the large PBMs with whom they must do business."

Later, Kohl questioned Express Scripts' claim that the merger would drive innovation and create savings for consumers saying, "We all know that innovation is the fruit of competition and that the more competitors, the more innovation and the better the consumer is served.  You seem to be making an argument to the contrary.  Have you come up with a new concept for how capitalism works? … Would you suggest that, if you could also take over Caremark and CVS that would be the best thing for everybody?  You control the whole market.  Would you then innovate in a way that would not be possible otherwise?"

Senator Kohl went further asking Paz whether any claimed savings achieved would be directed toward pharmacies and patients with the ESI CEO acknowledging they would not.  Kohl stated, "But I heard you say just now that significantly increasing discounts over what you're
'/>"/>

SOURCE Preserve Community Pharmacy Access NOW! (PCPAN)
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Nationwide Survey Reports that Mothers View Cleaning Homes and Toys as Essential to Preventing Colds & Flu
2. 10 Million Square Feet of Turf Set to be Treated in 2008 in Response to MRSA Outbreaks Nationwide
3. Hydrox Inc., Cardinal Health Issue Nationwide Recall of Alcohol-Free Mouthwash For Hospitals
4. Nationwide Progress Poll Reveals Increased Efforts by Hospitals to Control MRSA Infection
5. Nationwide Survey Shows Infertility Patients Prefer ENDOMETRIN(R) Compared With Other Progesterone Supplements
6. Diabetes Experts Issue New Recommendations for Inpatient Glycemic Control - Call for Systemic Changes in Hospitals Nationwide
7. mPay Gateway Teams With Allscripts to Provide Point-of-Care Patient Payment Tools to Physician Practices Nationwide
8. Video: EmFinders EmSeeQ(TM) Now Available to Locate Wandering Individuals in Emergency Situations Nationwide
9. Once-Daily INTUNIV(TM) (guanfacine) Extended Release Tablets Now Available in Pharmacies Nationwide
10. McNeil Consumer Healthcare Announces a Voluntary Nationwide Recall of All Lots of TYLENOL(R) Arthritis Pain 100 Count With EZ-OPEN CAP
11. Merz Pharmaceuticals Introduces New Mederma(R) Stretch Marks Therapy Now Available in Drugstores Nationwide
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/24/2015)... -- Perrigo Company plc ("Perrigo" or the "Company") (NYSE: PRGO, ... from Mylan NV ("Mylan") (NASDAQ: MYL ) to ... $60.00 per share in cash and 2.2 Mylan ordinary ... The Board previously concluded that Mylan,s unsolicited ... and its future growth prospects and was not in ...
(Date:4/24/2015)... April 24, 2015  New technologies and online ... to educate themselves about products and companies. Likewise, ... techniques available to market researchers seeking insights into ... marketplace, it,s imperative that organizations adjust their consumer ... market opportunities, niches and growth fronts. ...
(Date:4/24/2015)... , Apr. 24, 2015 Research and Markets ... of the "Global Biobanking Market 2015-2019" report ... Global Biobanking market to grow at a CAGR of ... Biobanking market can be divided into two segments: Equipment ... the growth prospects of the Global Biobanking market for ...
Breaking Medicine Technology:Perrigo Rejects Mylan Unsolicited Offer 2Perrigo Rejects Mylan Unsolicited Offer 3Perrigo Rejects Mylan Unsolicited Offer 4Pharmaceutical Industry Using New Technologies to Adjust Their Marketing and Research Approaches for Consumers 2Global Biobanking Market Report 2015-2019 - Increase in Strategic Collaborations with Beckman Coulter, Tecan & Thermo Fischer Scientific Dominating 2
... U.S. for Detecting the ... Mosquito-Borne Infectious Disease, CYPRESS, Calif., Feb. 15 ... Diagnostics (NYSE: DGX ),today announced the first laboratory developed ... availability of,the molecular polymerase chain reaction (PCR) test will enable ...
... Feb. 15 As crazy as it sounds, ... of Medicine suggest there,s a,connection between stubborn stress-related ... "Belly Fat" pill, Relacore(R) (from the,Carter-Reed Company) ... ... all heard,that stress increases cortisol (the stress hormone) ...
Cached Medicine Technology:Focus Diagnostics Launches Laboratory Test for Chikungunya Virus 2Focus Diagnostics Launches Laboratory Test for Chikungunya Virus 3Focus Diagnostics Launches Laboratory Test for Chikungunya Virus 4Recent Studies Suggest Popular 'Diet Pill' Relacore Reduces Acne Breakouts 2
(Date:4/24/2015)... California (PRWEB) April 24, 2015 Ryadon ... a wide range of capabilities and services to complement ... , Ryadon's Quantity Discount Program will be offered on ... follows: , Order 4-19: Receive 10% discount - Order ... by Using the Drawer Slides Products, ...
(Date:4/24/2015)... New York, New York (PRWEB) April 24, 2015 ... continue to move forward in the federal ... of South Carolina. According to court documents, the ... Status Report on April 16th detailing, among other ... The report notes that counsel for both plaintiffs ...
(Date:4/24/2015)... The first step to transforming one’s life is ... and yoga teacher Stine Koppernæs, meditation and changing the ... allow her to experience more peace and freedom from ... since 2006, and through the years she has experienced ... “I love sharing this way of finding true, lasting ...
(Date:4/24/2015)... Anchor Health Administrators (Anchor), specialists in Long-Term Care ... exclusive agreement with LTC Solutions for All LLC (SFA) ... , Anchor has more than 18 years of experience ... and is currently the designated advocate for the American ... member benefit. , “I am very pleased to be ...
(Date:4/24/2015)... (PRWEB) April 24, 2015 “Kind,” “selfless,” ... were among the ways Denise Weiner described pediatric oncology ... cared for her daughter, Alexa, during her five-year battle ... resections, a bone marrow transplant and numerous experimental treatments, ... to visit Alexa when she was not in the ...
Breaking Medicine News(10 mins):Health News:Ryadon Inc. Offers Quantity Drawer Slide Discount Program Nationwide in May 2015 2Health News:Ryadon Inc. Offers Quantity Drawer Slide Discount Program Nationwide in May 2015 3Health News:Federal Lipitor Lawsuits Progress, as New Status Report Details Preparation for Upcoming Bellwether Trials 2Health News:Federal Lipitor Lawsuits Progress, as New Status Report Details Preparation for Upcoming Bellwether Trials 3Health News:CURE™ Magazine Names Pediatric Nurse Laura Vasquez from Children’s Hospital Los Angeles As Extraordinary Healer™ of 2015 2Health News:CURE™ Magazine Names Pediatric Nurse Laura Vasquez from Children’s Hospital Los Angeles As Extraordinary Healer™ of 2015 3Health News:CURE™ Magazine Names Pediatric Nurse Laura Vasquez from Children’s Hospital Los Angeles As Extraordinary Healer™ of 2015 4
... it is that can induce maximum learning amongst the ... revealed that toddlers learn the maximum when they watch ... with. ,The researchers conducted two experiments to ... the first, they tested differences in learning from video ...
... economy class syndrome, that is associated with the formation of ... cabin environment, //as it is thought to be, reveals a ... could form in healthy people, while sitting in cramped places, ... legs, which lead to the formation of clots. This is ...
... According to a new study it was found that ... of age or above, their mental abilities are on ... //Presented in New York City at the 21st Annual ... 2006), the study measured blood pressure and cognitive function ...
... American Journal of Respiratory and Critical Care Medicine says that ... in lung capacity equivalent to what usually happens after 12 ... ,An average loss of 372 milliliters was noted, which ... loss is at least 10 times more than the annual ...
... new study that has thrown light on allergic reactions in ... who get bitten by insects are in need of medical ... any adverse allergic symptoms. ,The study, entitled “Allergic reactions to ... high school children in Israel” can be found in the ...
... Chapel Hill it is very much essential for the expression of ... eye. // Neural stem cells are totipotent cells and can differentiate ... gene is expressed properly then it results in the formation of ... Larysa H. Pevny, an assistant professor of genetics in the UNC ...
Cached Medicine News:Health News:Interactive Video, Better Teaching Aid For Toddlers 2Health News:As You Age Check Your BP for It Can Affect Your Mental Ability 2Health News:Insect Bites Among Children Do Not Warrant Medical Attention In Most Cases 2Health News:Importance of Gene in Eye Development 2
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Standard type 1/1 (mm), opening width 9.0 mm and length 6 mm....
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Standard type 1/1 (mm), opening width 8.0 mm and length 8 mm....
Extremely wide blade opening. Excellent bio and MRI compatibility. Lot number on each clip. Long reliable history. Standard type 1/1 (mm), opening width 8.0 mm and length 7 mm....
... Signature is a state of the ... integrates blood, sterile body fluid and ... microbiology workstation with comprehensive capabilities. It ... and where expanded flexibility in operating ...
Medicine Products: