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:3/24/2017)... YORK , March 24, 2017   ... leading organization within medical affairs in the pharmaceutical ... as the chair of a newly formed scientific ... board members to form the first ever medical ... For more information about the ACMA, please ...
(Date:3/24/2017)... 24, 2017 FinancialBuzz.com News Commentary   ... Medical cannabis products around the world are ... that the global medical cannabis market will reach a value of USD ... major market for the new growing industry. By the end of 2016, ... and sell medical cannabis. More conservative states like Arkansas ...
(Date:3/24/2017)... A ReportsnReports.com report says, over the recent years, global antibody ... of Adcetris and Kadcyla have been witnessing rapid growth after their ... driven by large number of ADC drugs in pipeline, rise in ... ... and 94 Figures, 10 Major Company Profiles, spread across 154 pages ...
Breaking Medicine Technology:
(Date:3/24/2017)... ... March 24, 2017 , ... Clean ... dredged material, and hazardous and non-hazardous materials announced today the acquisition of privately ... acquisition will add four additional processing facilities and a vast array of additional ...
(Date:3/24/2017)... ... March 24, 2017 , ... Mediaplanet today ... conversation on the current obstacles facing infection prevention and offer strategies for the ... by these infections. , The print component of “Fighting Infection” is distributed ...
(Date:3/24/2017)... ... , ... Digital Scientists, a software innovation lab specializing in web design and ... South Carolina location. The lab has set up shop at the renowned NEXT ... South Carolina clients for years from our office here in Atlanta,” explains Digital Scientists’ ...
(Date:3/24/2017)... ... , ... According to a new study by NCPA Senior Fellow John R. ... rules Congress has directed the CBO to follow. The CBO itself previously recognized Obamacare ... it estimates a reduction in employer-based coverage due to the GOP reform, which is ...
(Date:3/24/2017)... ... March 24, 2017 , ... The iaedp Foundation, the premier provider of ... for those suffering from the full spectrum of disordered eating, announced today that the ... from nearly all 50 states and several countries converged on the Green Valley Resort ...
Breaking Medicine News(10 mins):