Navigation Links
Nationwide Coalition Urges FTC to Take Notice of Growing Opposition to Mega-PBM Merger
Date:11/17/2011

WASHINGTON, Nov. 17, 2011 /PRNewswire/ -- The Preserve Community Pharmacy Access NOW! (PCPAN) coalition today urged the Federal Trade Commission (FTC) to heed the call of a growing number of Americans asking for increased scrutiny of the planned merger between Express Scripts Inc. and Medco Health Solutions Inc., two pharmacy benefit management (PBM) companies.  This comes as the FTC continues its review of the merger to determine whether the deal complies with anti-trust law.  

In the months since the merger was announced, questions have been raised by elected officials, attorneys general in dozens of states, pharmacy service providers, consumer advocates, patient groups and others about its impact on the industry and, ultimately, consumers.  Noteworthy opponents include a bipartisan group of 14 House Members that wrote to the FTC requesting, a "full and thorough investigation" of the merger and questioning whether  a combined entity would  raise prices and limit critical access to care, and a coalition of 25 state attorneys general who hope to increase pressure on the FTC to scrutinize the merger.  

Others who have spoken out against the merger include the Small Business Association, the Consumers Union, Consumer Federation of America, the National Consumers League, U.S. PIRG, the National Legislative Association on Prescription Drug Prices, the Utah Pharmacists Association, Pharmacists United for Truth and Transparency, the National Association of Chain Drug Stores, the National Community Pharmacists Association, Independent Specialty Pharmacy Coalition, the Food Marketing Institute, Center for American Progress Action Fund, numerous local community pharmacists and others.  

"There is a reason that this particular merger is the target of so much scrutiny," said former Congresswoman Eva M. Clayton, chairwoman of the Preserve Community Pharmacy Access NOW! (PCPAN) coalition.  "The merger between Express Scripts and Medco would create a mega pharmacy benefit management company with excessive control and concentrated market share.  Not only is this not in the best interest of consumers, it also raises some serious anti-trust concerns.  It should not be allowed to move forward."

Express Scripts Inc. and Medco Health Solutions Inc. are already two of the nation's largest PBMs.  An approved merger would give the consolidated PBM control over much of the supply line of brand-name and generic drugs, especially in markets where the PBMs are already highly concentrated.  This would result in higher costs for prescription medications that would need to be absorbed by employer health care plans and patients.  It would also result in decreased access to local community pharmacies that provide convenient and helpful services.

"Americans – particularly those in minority and lower-income communities – continue to be in a very vulnerable state as we all struggle to recover from the recent financial crisis," Clayton continued.  "Approving a merger between Express Scripts and Medco that would lead to higher prices for lesser quality care will only make things harder.  I sincerely hope that the commissioners consider this and all of the questions and concerns being raised about the merger.  And in the end, I hope that they will oppose it."

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! (PCPAN)
Copyright©2010 PR Newswire.
All rights reserved

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:4/20/2017)... Research and Markets has announced the addition of the ... Market and Increasing Usage of Complex Biologics during the Forecast Period" ... ... 20 Billion in 2015 to around USD 26 Billion by 2020. ... by Rapidly Expanding Injectables Market and Increasing Usage of Complex Biologics ...
(Date:4/20/2017)... , April 20, 2017 ... platform, the first non-viral gene expression technology that enables ... the eye to address a wide range of ophthalmic ... Medicines and Healthcare products Regulatory Agency (MHRA) to advance ... ...
(Date:4/19/2017)... The Mobile X-Ray product segment is the most ... the forecast period Mobile X-Ray segment is the ... X-Ray devices market, which is estimated to be valued at ... CAGR of 7% over the forecast period. Mobile X-Ray segment ... US$ 100 Mn in 2017 over 2016. The segment,s revenue ...
Breaking Medicine Technology:
(Date:4/22/2017)... ... April 22, 2017 , ... PharmacyChecker.com released its first International ... of 70% when buying medication online from Canadian pharmacies verified in the PharmacyChecker ... other countries. The report (chart below) compares U.S. and foreign prices for 20 ...
(Date:4/21/2017)... ... 21, 2017 , ... Providing broad access to life-saving drugs and rewarding the ... better way to address this problem. , That was the message from Dana Goldman, ... at the University of Southern California, who served as the keynote speaker for Western ...
(Date:4/21/2017)... ... April 21, 2017 , ... ... adolescents and young adults, has kicked off its 4th annual Forum for Innovative ... year’s theme is “Attachment Informed Therapy for Mental Health and Addiction.” , ...
(Date:4/21/2017)... ... April 21, 2017 , ... The adage “Show, don’t tell” applies ... project in the company’s esteemed VISION House demonstration project series. Manifesting the concept of ... of resources they need to live affordably and abundantly without unduly taxing the resources ...
(Date:4/21/2017)... ... 21, 2017 , ... Crossover Symmetry , an evidence ... active lifestyle company that provides Human Performance Training and education to tactical athletes. ... responders, military officers and others in service through the development and conditioning of ...
Breaking Medicine News(10 mins):