Navigation Links
New Ad Campaign: Secret Provision Raises Taxes on Prescription Drug Benefits, Creates 'Conflict of Interest'
Date:3/2/2011

WASHINGTON, March 2, 2011 /PRNewswire-USNewswire/ -- A new ad campaign warns Mississippi legislators that secret provisions in S.B. 2445 would raise taxes on prescription drug benefits and undermine the ability of pharmacy benefits managers (PBMs) to reduce health care costs for Mississippi families and businesses, said the Pharmaceutical Care Management Association (PCMA) today.

S.B. 2445 would also put the State Board of Pharmacy (instead of the State Insurance Commissioner) in charge of regulating PBMs. This power transfer would create a conflict of interest since the State Board of Pharmacy's members are pharmacists – a group which contracts with PBMs and could be financially impacted by the policies they set.

"Taxing prescription drug benefits and giving pharmacists the power to regulate those with whom they contract is a conflict of interest and will cause health care costs to go up, not down," said PCMA President and CEO Mark Merritt. "The goal of our ad campaign is to expose this secret tax and encourage lawmakers to think twice before passing a law that will increase both taxes and health care costs."

PCMA represents the nation's PBMs, which improve affordability and quality of care through the use of electronic prescribing (e-prescribing), generic alternatives, mail-service pharmacies, and other innovative tools for 210-plus million Americans. They also play a major role in administering the Medicare Part D drug benefit – a rare public program that routinely comes in under budget and is highly popular with seniors. PBMs typically reduce drug costs by about 25 percent.

Click here to view the ad.

PCMA represents the nation's pharmacy benefit managers (PBMs), which improve affordability and quality of care through the use of electronic prescribing (e-prescribing), generic alternatives, mail-service pharmacies, and other innovative tools for 200-plus million Americans.

Follow PCMA on Twitter


'/>"/>
SOURCE Pharmaceutical Care Management Association
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. National Health Education Campaign: "When Will You Pick?"™ Encourages Families to Make Flu Vaccination a Priority This Fall
2. PCMA: Mississippis Secret Prescription Drug Tax Will Raise Costs
3. Final Superior Court Ruling on Trade Secret Lawsuit Favors Volcano Corporation and Its Axsun Subsidiary
4. Massachusetts Court Rules in Favor of Volcano and Against St. Jude Medical Subsidiary in Trade Secrets Case
5. Interleukin (IL)-12 Secretion Can Predict Potency of Argos Therapeutics Arcelis™ Dendritic Cell (DC) Immunotherapy and Can Be Used as Potency Marker in Phase 3 Clinical Trial
6. Governor Michael O. Leavitt, Former HHS Secretary and EPA Administrator, Selects WorldWide Speakers Group for Exclusive Representation
7. U.S. Transportation Secretary LaHood, Congressional Leaders and Jordin Sparks Join Allstate in Urging Americans to Stop Texting and Driving
8. Executives Reveal Secrets to Capitalize on New Developments in Pharmaceutical Marketing Research
9. Sigma-Aldrich (Nasdaq: SIAL) Announces Appointment of George Miller as Sr. Vice President, General Counsel & Secretary
10. GAA Calls on Secretary Clinton to Speak Out Against Gender-Based Violence During Her Africa Trip
11. Inverness Medical Innovations Participates in Meeting on HIV/AIDS with UN Secretary-General
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/3/2016)... May 3, 2016   BIOTRONIK will be ... care beyond the implant at the Heart Rhythm Society,s ... San Francisco . ... highest quality of patient care and satisfaction possible. Part ... each and every tomorrow," said Marlou Janssen , ...
(Date:5/3/2016)... , May 3, 2016 ... Market Size, Share, Development, Growth and Demand Forecast to ... by Field Strength (High Field, Very High Field, Low ... (Brain, Head and Neck, Spine, Musculoskeletal, Vascular, Breast, Pelvic ... global magnetic resonance imaging (MRI) market was valued at ...
(Date:5/3/2016)... , May 3, 2016  Forté Elements, LLC (Forté) is excited to announce the ... that address the nutritional needs of recovery for a variety of clinical conditions. Founded ... Photo - http://photos.prnewswire.com/prnh/20160502/362548 Logo -  http://photos.prnewswire.com/prnh/20160502/362547LOGO ... ... ...
Breaking Medicine Technology:
(Date:5/4/2016)... ... May 04, 2016 , ... Recognizing that lifestyle medicine is essential to health ... have tapped David Katz, MD, MPH, president of the American College of Lifestyle Medicine, ... medicine is especially gratifying,” said Katz. “There is so much opportunity to add years ...
(Date:5/4/2016)... CA (PRWEB) , ... May 04, 2016 , ... ... recently partnered with local company MitoXcell in preparation of the launch of her new ... jump start plan is a nutritional guide designed to jump start a new healthy ...
(Date:5/4/2016)... ... May 04, 2016 , ... The preeminent surgical aftercare facility Pearl Recovery ... breast cancer surgery. In March 2016, the 61-year-old model and reality TV star was ... occurs in the milk ducts, according to an interview with the Daily Mail ...
(Date:5/4/2016)... ... May 04, 2016 , ... Advanced Spine & Sport ... restore its patients’ health, is hosting a free seminar on stem cell injections. The ... at Advanced Spine & Sport, 4601 Telephone Road, Suite 110, Ventura, CA. There are ...
(Date:5/4/2016)... ... May 04, 2016 , ... ... ankles, and elbows. Engineered with athletes in mind, OMNIFORCE offers high-performance, less ... ineffective circular knitting, common in the industry) produces premium flat-knit construction with ...
Breaking Medicine News(10 mins):