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:6/24/2016)... 24, 2016  Global Blood Therapeutics, Inc. (GBT) (NASDAQ: ... novel therapeutics for the treatment of grievous blood-based ... closing of its previously announced underwritten public offering ... public offering price of $18.75 per share. All ... by GBT. GBT estimates net proceeds from the ...
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
(Date:6/24/2016)... Belgium , June 24, 2016 ... the appointment of Dr. Edward Futcher ... Non-Executive Director, effective June 23, 2016.Dr. Futcher was ... Nominations and Governance Committees.  As a non-executive member ... independent expertise and strategic counsel to VolitionRx in ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... June 27, 2016 , ... "FCPX editors can now reveal their media with ... X," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Color ... users can now reveal the media of their split screens with growing colorful ...
(Date:6/27/2016)... (PRWEB) , ... June 27, ... ... in the patient payment industry today announced its strategic partnership with Connance, ... system workflows. , The two companies’ proven, proprietary technology combine to provide ...
(Date:6/27/2016)... ... 27, 2016 , ... TopConsumerReviews.com recently awarded their highest five-star rating to Best ... individuals in the United States and Canada wear eyeglasses. Once considered to be a ... and make a fashion statement. Even celebrities use glasses as a way of creating ...
(Date:6/26/2016)... ... 2016 , ... On June 10-11, 2016, A Forever Recovery, a holistic treatment ... Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility is located. This ... of the world’s leading providers of cereal and other breakfast foods. Its residents often ...
(Date:6/26/2016)... ... 26, 2016 , ... PawPaws brand pet supplements owned by Whole ... enhance the health of felines. The formula is all-natural and is made from Chinese ... PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract and ...
Breaking Medicine News(10 mins):