Navigation Links
PCMA: Drugstore Lobby's Bill Would Raise Prescription Drug Costs, Increase Wasteful Spending
Date:5/9/2013

WASHINGTON, May 9, 2013 /PRNewswire-USNewswire/ -- Legislation (The Medicare Prescription Drug Program Integrity and Transparency Act, S. 867) championed by the independent drugstore lobby would undermine the ability of Medicare Part D plans and pharmacy benefit managers (PBMs) to detect pharmacy fraud, waste, and abuse in Medicare, the Pharmaceutical Care Management Association (PCMA) said today. S. 867 would limit the use of audits and other tools that uncover fraud in the pharmacy setting.  

"Policymakers want to reduce health costs for the government, but the drugstore lobby wants new laws that would increase wasteful spending on prescription drugs and make fraud, waste, and abuse harder to detect," said PCMA President and CEO Mark Merritt .  

PCMA recently launched a new ad campaign that highlights how the independent drugstore lobby's agenda results in more wasteful spending and higher prescription drug costs.

Click here to view the new ad.

Fraud, waste, and abuse costs Americans up to $234 billion a year, according to the National Health Care Anti-Fraud Association (NHCAA). At independent drugstores, the owner, cashier, and book keeper are often one and the same.  These factors make independent drugstores more susceptible to irregularities and make oversight more challenging.

A report released last year by the Office of the Inspector General (OIG) of the Department of Health and Human Services found that Medicare paid $5.6 billion to pharmacies with "questionable billing" practices.  The OIG report also found that independent pharmacies were eight times more likely than other pharmacies to have questionable billing practices.

A white paper
'/>"/>

SOURCE Pharmaceutical Care Management Association
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. PCMA: New Report Shows Drugstore Lobby Agenda Raises Rx Costs for Small Businesses, Government Programs
2. PCMA: New Report Shows Anti-PBM Laws Could Raise Health Care Costs for Oklahoma Businesses, Consumers, Government Programs
3. PCMA: The Drugstore Lobby (Again) Looks to Avoid Fraud and Abuse Detection
4. PCMA: 88 U.S. Representatives Urge USPS to Preserve Six Day Delivery of Mail-Service Pharmacy
5. PCMA: Part D Plans and PBMs Continue to Deliver Savings in Medicare
6. PCMA: New Study Finds Generic Medications Saved $1 Trillion Over the Last Decade
7. Report: Community Drugstores Tied to Medication Waste
8. China Nepstar Chain Drugstore Filed 2012 Annual Report on Form 20-F
9. Consumer Reports: So Many Drugstores, So Many Prices; New Report Finds Price Mayhem At The Pharmacy
10. China Nepstar Chain Drugstore Reports Fourth Quarter and Fiscal Year 2012 Financial Results
11. New PCMA Ad Campaign: Its the Oklahoma Drugstore Lobby vs. Employers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/11/2014)... -- Rock Creek Pharmaceuticals, Inc. (NASDAQ: RCPI ), ... and Drug Administration ("FDA"), has notified the Company that ... Drug ("IND") application before granting the Company permission to ... Dr. Chris Chapman , RCP,s President, commented, "We ... When we receive the agency,s official comments and/or recommendations, ...
(Date:7/11/2014)... , July 11, 2014 ... Market by Composition of Material, Application (Healthcare, Homeland ... End Product (Personal Instrument, Hand-Held Instruments, Fixed, and ... Analysis to 2013 - 2020", published by MarketsandMarkets, the Scintillator ... of 5.62% from 2014 to 2020, and reach ...
(Date:7/11/2014)...  Kindred Hospital Houston Northwest, with Wound Care ... its new outpatient wound healing center.  The wound ... chronic, hard to heal wounds. Chronic wounds include ... lower leg wounds related to blood flow issues, ... injury wounds which are complex and demonstrate delayed ...
Breaking Medicine Technology:Rock Creek Pharmaceuticals Issues Update On US Investigational New Drug Application 2Scintillator Market will be worth $479.16 Million by 2020 2Scintillator Market will be worth $479.16 Million by 2020 3Scintillator Market will be worth $479.16 Million by 2020 4Kindred Hospital Houston Northwest, With Wound Care Specialists, Opens Outpatient Wound Healing And Hyperbaric Center 2
... , MAPLE GROVE, Minn., Dec. 3 Upsher-Smith ... plan for central nervous system (CNS) diseases with USL255 (extended ... epilepsy. USL255 is being developed with Upsher-Smith,s proprietary formulation technology ... 2010 for the adjunctive treatment of epilepsy patients with partial ...
... , HARRISBURG, Pa., Dec. 3 ... processing company build a new cold storage facility and ... at least 20 jobs, Governor Edward G. Rendell announced ... more than $2.9 million for three projects. The investments, ...
Cached Medicine Technology:Upsher-Smith Announces Milestone in Development of CNS Strategy 2Governor Rendell: New State Investments Bear Fruit in Adams County; Help Pharmaceutical Company Expand in Philadelphia 2
(Date:7/12/2014)... 2014 Sean Francis, owner of the Kawartha Lakes ... to his clients. He’s also known for his support of local ... way to combine the two and is excited to announce that ... Boys and Girls Club. , The funds are the result of ... 23rd. Francis sent out emails and asked his clients to put ...
(Date:7/12/2014)... prom shopping reaching its final days, VogueQueen.com, a renowned ... its new and trendy apparels. Recently, the company has ... online shop. Additionally, it is now providing huge discounts ... to the company’s sales manager, the promotion will come ... He says, “Now, worldwide clients can order cheap ...
(Date:7/12/2014)... 12, 2014 Doylestown Hospital recently conducted ... of men’s health questions. Paddock tackles topics including ... why women live longer than men, and testosterone replacement ... Made Simple featured on Doylestown Hospital’s website, Dr. ... at any age. If you notice pain, bulging, or ...
(Date:7/12/2014)... July 12, 2014 A recent article released ... a trio of suggestions for those seeking cosmetic surgical ... are rapidly approaching and the heat begins to enliven the ... their summer clothing, realizing that they didn’t work out as ... This can cause a sudden surge of people eager to ...
(Date:7/12/2014)... CA (PRWEB) July 12, 2014 ... power score of 4.1 out of 5. This ... that have been underpinning buyer negotiation power over ... procurement analyst Anna Son, “during the period, surging ... rising costs associated with new product development, have ...
Breaking Medicine News(10 mins):Health News:Kawartha Lakes Fit Body Boot Camp’s Successful Fat Loss Challenge Results in $2,000 to Boys and Girls Club 2Health News:Kawartha Lakes Fit Body Boot Camp’s Successful Fat Loss Challenge Results in $2,000 to Boys and Girls Club 3Health News:VogueQueen.com Updates Its Summer Collection With New And Trendy Evening Dresses 2Health News:Ivyland Medical Center’s Dr. Brad Paddock Offers Tips for Men’s Health 2Health News:Best Summer Cosmetic Surgeries Revealed in Article By Seattle Plastic Surgeon 2Health News:Floor-Grade Instruments Procurement Category Market Research Report from IBISWorld has Been Updated 2Health News:Floor-Grade Instruments Procurement Category Market Research Report from IBISWorld has Been Updated 3Health News:Floor-Grade Instruments Procurement Category Market Research Report from IBISWorld has Been Updated 4
... designed program, study finds , MONDAY, Nov. 30 (HealthDay ... toddlers with autism succeeded in boosting IQ along with ... , "When done in this fashion, many children are ... Dawson, lead author of the study, published online Nov. ...
... , NEW ... new market research report is available in its ... Key ingredients, strategic issues and targeted opportunities for ... Seniors, have emerged as a powerful consumer audience ...
... Salon Leau announced today they are hosting "Cuts For A Cause" ... in the fight against childhood terminal diseases. All proceeds from each ... Research Hospital. , Salon Leau has been serving the posh ... LoAnn Lai, widely recognized for her innovation in color, cuts and ...
... , DEL MAR, Calif., Nov. 30 ... to announce the appointment of Howard M. McEldowney ... Mr. McEldowney, whose investment career spans over a 40 year ... and subsequently a founding partner of Harris, Bretall & McEldowney, ...
... N.J., Nov. 30 Advanced Health Media, LLC (AHM), the ... compliance management software for the life sciences industry, announced it ... state by NJBIZ, New Jersey,s leading statewide business newspaper. ... that have made significant contributions to the state,s growth, strength ...
... , CHICAGO, Nov. 30 Physicians at Beth Israel ... a study demonstrating the potential for automated analysis of ... to assist in rapidly ruling out coronary artery stenosis ... pain. The ability of the automated system to enhance ...
Cached Medicine News:Health News:Working Intensely Early on May Help Autistic Kids 2Health News:Working Intensely Early on May Help Autistic Kids 3Health News:Working Intensely Early on May Help Autistic Kids 4Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 2Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 3Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 4Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 5Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 6Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 7Health News:Reportlinker Adds The Future of Senior Nutrition: Key Ingredients, Strategic Issues and Targeted Opportunities for Older Consumers 8Health News:Georgetown Hair Salon Helps St. Jude Find A Cure 2Health News:American Diversified Holdings Corporation Announces Appointment of Independent Director to the Board of the Company 2Health News:Advanced Health Media Honored at NJ Finest Award Ceremony 2Health News:Rcadia COR Analyzer(R) System Demonstrates Potential in Emergency Department Triage of Chest Pain Patients at Low to Moderate Risk of Coronary Artery Disease 2Health News:Rcadia COR Analyzer(R) System Demonstrates Potential in Emergency Department Triage of Chest Pain Patients at Low to Moderate Risk of Coronary Artery Disease 3
Inquire...
Inquire...
The Optima III 45 cm line of laparoscopic hand instruments is ideal for operative laparoscopic/endoscopic procedures or when a longer instrument is needed....
The Optima III line of laparoscopic hand instruments provides a well-crafted set of instruments designed for strength and durability....
Medicine Products: