Navigation Links
New York's Anti-Mandatory Mail Order Law Underscores Growing Skepticism of PBMs
Date:12/15/2011

NEW YORK, Dec. 15, 2011 /PRNewswire/ -- New York Gov. Andrew Cuomo's pen was mighty as a sword on Tuesday when he signed into law a bill that bans Pharmacy Benefit Managers (PBMs) from forcing customers to use mail order pharmacies for prescription drugs. Cuomo and the New York State Assembly showed tremendous courage in standing up to a multi-billion dollar industry that spent hundreds of thousands of dollars lobbying against the new law.

While PBMs claim mandatory mail order lowers costs, documents obtained by the advocacy group Pharmacists United for Truth and Transparency show the opposite is true. Plan sponsors are routinely charged far more than retail price in mandatory mail order plans, and their lack of transparency keeps plan sponsors to detecting the unreasonable prices.

"PBMs say the new law will raise prices because the nation's largest pharmacy conglomerates lose their purchasing power and leverage to secure lower prices," said Dave Marley, spokesman for Pharmacists United for Truth and Transparency, a coalition of nearly 1,000 independent pharmacists working to expose PBMs. "The problem with that statement is PBMs rarely pass volume purchasing discounts on to plan sponsors."

Mandatory mail order is one of several unscrupulous profit-making tactics employed by PBMs – the middlemen that control prescription health plans for more than 200 million Americans. New York's anti-mandatory mail order law represents a major victory in the fight against PBMs, but only scratches the surface at exposing an industry run amok.

"The New York law calls out PBMs for one of their non-transparent games. Unfortunately, there are many others," said Marley. "We still need to address spread pricing, rebate pumping and the complex ways PBMs keep their profits at record-high levels. We hope state and federal policymakers see New York's anti-mandatory mail order as a call to action against PBMs."

To learn more about PBMs, mandatory mail order or the growing movement opposing them, contact Dave Marley: (336)-978-8107 or info@truthrx.org.

About Pharmacists United for Truth and Transparency:

Pharmacists United for Truth and Transparency is a growing coalition of more than 600 independent pharmacists and industry experts dedicated to exposing widespread manipulation by pharmacy benefit managers (PBMs). The non-profit organization is funded by individual members—not corporations, lobbyists or other special interest groups. Visit TruthRx.org to learn more.


'/>"/>
SOURCE Pharmacists United for Truth and Transparency
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Sanomedics Signs Letter of Intent to Acquire Large Sleep Disorder Service Based Operation
2. Uroplasty to Present at the Canaccord Genuity 6th Annual Cardiovascular, Aesthetics & Metabolic Disorders Medical Device Conference
3. Cynosure to Present at Canaccord Genuity 6th Annual Cardiovascular, Aesthetics & Metabolic Disorders Conference
4. CryoLife to Present at 6th Annual Canaccord Genuity Cardiovascular, Aesthetics & Metabolic Disorders Conference
5. The Female Health Companys Distributor, Sekunjalo Investments Corporation (PTY) Ltd., Receives Order for 5 Million FC2 Female Condoms From the Republic of South Africa Department of Health
6. FDA Approves Eylea for Eye Disorder in Older People
7. Bayer Virtual Walk for Hemophilia Raises Awareness and Funds for People With Bleeding Disorders
8. Neuralstem Completes Phase Ia in Neuroregenerative Small Molecule Drug, NSI-189, Major Depressive Disorder Trial
9. Neurology Devices Market to 2017 - High Potential for Usage of Neurostimulation Devices in Multiple Neurological Disorders to Drive Market Growth
10. Central Nervous System Disorders Therapeutics Market to 2017 - Multiple Sclerosis, Major Depressive Disorder and Schizophrenia Accounted for Half the Market Value in 2010
11. FDA Approves First Generic Olanzapine to Treat Schizophrenia, Bipolar Disorder
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016 Dehaier Medical Systems ... "Company"), which develops, markets and sells medical devices and ... , signed a strategic cooperation agreement with Hongyuan Supply ... Supply Chain") on June 20, 2016, to develop Dehaier,s ... strategic cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s ...
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ., ... developing innovative inhaled drugs, announced today that it was ... Investments reconstituted its comprehensive set of U.S. and ... "This is an important milestone for Pulmatrix," said Chief ... shareholder awareness of our progress in developing drugs for ...
(Date:6/23/2016)... Research and Markets has announced the addition of ... report to their offering. ... kidney failure, it replaces the function of kidneys by removing ... thus the treatment helps to keep the patient body,s electrolytes ... Increasing number of ESRD patients & substantial healthcare expenditure ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX ... Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package transforms over ... Cut Pro X . Simply select a ProHand generator and drag it above media ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, ... the latter, setting the bar too high can result in disappointment, perhaps even self-loathing. ... toward their goal. , Research from PsychTests.com reveals that behind the ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary Hypertension Association ... it will receive two significant new grants to support its work to advance ... 25th anniversary by recognizing patients, medical professionals and scientists for their work in ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their pencils ... an essay contest in which patients and their families pay tribute to a genetic ... 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
(Date:6/24/2016)... , ... June 24, 2016 , ... National recruitment firm ... life sciences executive with extensive sequencing and genomics experience, as Vice President of North ... Ms. Hill will be responsible for leading the sales team in the commercialization of ...
Breaking Medicine News(10 mins):