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New Jersey Jobs, Pharmacy Choice Endangered by Proposed Express Scripts-Medco Merger
Date:1/27/2012

would likely be worse than these numbers suggest as Express Scripts-Medco lowers pharmacy reimbursements for prescriptions filled locally. Moreover, NCPA's analysis only incorporates a portion of the health plans managed by Express Scripts or Medco and thus likely underestimates the merger's total economic impact on the state. It also does not address any layoff of Medco employees in the state, which are possible should the PBMs win approval to combine operations.

"Patients in New Jersey's underserved rural and inner-city communities are especially at risk as their only pharmacy may be forced out of business," Hoey added. "The country's leading consumer groups oppose this merger and nearly 40 U.S. Senators and Representatives have also voiced their concern. We strongly urge New Jersey's congressional delegation to weigh in with the FTC before it's too late."

New Jersey's independent community pharmacies generate $2.9 billion in annual revenue and employ 7,590 individuals full-time. By extension, these small businesses also support $2.6 billion in additional local revenue annually and 3,630 full-time employees.

The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies. Together they represent a $93 billion health care marketplace, dispense nearly 40% of all retail prescriptions, and employ more than 315,000 people, including 62,400 pharmacists.  Independent community pharmacists are readily accessible medication experts who can help lower health care spending. They are committed to maximizing the appropriate use of lower-cost generic drugs and reducing the estimated $290 billion that is wasted annually by improper medication use. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com'/>"/>

SOURCE National Community Pharmacists Association
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