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 published by NHCAA also raised serious questions about the kind of legislative proposals promoted by the independent drugstore lobby. Specifically, NHCAA supports measures that would "protect the integrity of health care audits by giving auditors more discretion and flexibility to perform their duties" and notes that "on-site audits have revealed indications of fraud such as nonexistent pharmacies, unexplained stockpiles of controlled substances, mismatches between inventories and prescriptions and other discrepancies."

New data from the Bureau of Labor Statistics (BLS) also shows that independent drugstores are part of a successful and growing industry.  This information undermines the independent drugstore lobby's agenda for government mandates to protect them from competition. 

According to BLS (as reported in Drug Channels):

  • In 2012, average gross salary for pharmacists at retail, mail, and specialty pharmacies was $117,000, up 2.6% from 2011.
  • The average pharmacist salary grew faster than that of the average healthcare worker. In 2012, pharmacist salaries grew by 2.7% (range: 2.0% to 3.8%).  By comparison, salaries for all health care works grew by only 1.1% in 2012.

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 215 million Americans.

Follow PCMA on Twitter


'/>"/>
SOURCE Pharmaceutical Care Management Association
Copyright©2012 PR Newswire.
All rights reserved

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:5/23/2016)... -- Clarifying Vision - Prospects and Developments ... Care What can be expected from the ... at the fastest rates? This visiongain report ... opportunities and prospects. ,Our 190-page report ... lucrative areas in the industry and the future market ...
(Date:5/23/2016)... 23, 2016 Experts from various ... Medicine and the role of technology in innovative ... The First International Conference of VPS-Penn Medicine opened in ... and presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister ... Medicine, which helps provide personalized medicine and tailor-made healthcare in ...
(Date:5/23/2016)... , May 23, 2016   Purdue Pharma ... into an agreement with Egalet Corporation and Acura ... As part of the agreement the companies will ... enable all three companies to develop and sell ... "This agreement reflects the commitment of Purdue ...
Breaking Medicine Technology:
(Date:5/24/2016)... , ... May 24, 2016 , ... Mental health watchdog ... the Church of Scientology and renowned professor of psychiatry Thomas Szasz, is continuing its ... “Psychiatry: An Industry of Death” exhibit in Atlanta, Georgia. The opening of the exhibit ...
(Date:5/24/2016)... ... May 24, 2016 , ... Loma Linda University Health ... adult hospital and expanded Children’s Hospital. Over 3,000 people looked on as the shovels ... out the event photo slidehsow. , During the program, Richard H. Hart, MD, ...
(Date:5/24/2016)... ... May 24, 2016 , ... Backed ... data logger for each job, ensuring the best suited solution to meet regulatory ... data loggers at their lab in Istanbul. , Metroloji Okulu specializes in MadgeTech’s ...
(Date:5/24/2016)... (PRWEB) , ... May 24, 2016 , ... Growing in ... growing trend, more gluten-free products are available and easily accessible. Whether someone chooses to ... to cater to a certain diet, King Kullen Grocery stocks their shelves with many ...
(Date:5/24/2016)... ... May 24, 2016 , ... The ... 9.3 million people, or 10% over last year, according to data in the ... group policies was comparatively stable, with a slight decrease in risk-based groups and ...
Breaking Medicine News(10 mins):