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New Video, Website Help Health Plan Sponsors, Patients and Policy Makers Maximize Prescription Drug Benefits, Reduce Wasteful Spending
Date:7/11/2012

ALEXANDRIA, Va., July 11, 2012 /PRNewswire-USNewswire/ -- A new video and website offer health plan sponsors (i.e. employers, unions, government programs, etc.), policymakers and patients resources to get the most out of their prescription drug benefit and to reduce unnecessary spending, the National Community Pharmacists Association (NCPA) announced today. At the website www.whorunsmydrugplan.com, visitors can learn about common practices of giant pharmacy benefit managers (PBMs), who are hired to administer drug plans and negotiate prices for payors, but drive up health insurance costs and restrict patient choice. There they can also watch "The Third Wheel," a video that takes a humorous look at how prescription middlemen affect consumers' prescription benefit by inserting themselves into the relationship between patients, doctors and pharmacists.

"Too many plan sponsors, policymakers and patients remain unaware of how large pharmacy benefit managers affect their prescription drug benefit and their health care premiums," said NCPA CEO, B. Douglas Hoey, RPh, MBA. "For too long, the PBM industry has benefitted from a lack of oversight and regulation which has eroded the value of the prescription drug benefit to consumers.  We have seen prescription drug costs rise, insurance premiums and patient copayments increase, higher PBM profits and diminished patient choice – while reimbursement to pharmacy small business owners for providing prescription drug services continues to decline. It's fair to ask: Where's the money going?" 

Whorunsmydrugplan.com  answers the basic question, "What is a PBM?" and explains cost-inflating PBM practices under titles such as "Spread Pricing," "Rebate Pumping," "Restricting Patient Choice," "Mail Order False Economics," and "Mail Order Is Not For Everyone." The site also provides a "take action" page for patients a
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SOURCE National Community Pharmacists Association
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