Navigation Links
PCMA: Florida Could Reduce $462 Million in Wasteful Medicaid Pharmacy Spending
Date:2/8/2011

WASHINGTON, Feb. 8, 2011 /PRNewswire-USNewswire/ -- Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt released the following statement today on Florida Governor Rick Scott's Medicaid savings proposal:

"Governor Scott is taking important steps to reduce wasteful spending in Medicaid, which is a big problem when it comes to pharmacy benefits. Because of its old-school 'fee-for-service' approach, Florida Medicaid pays drugstores much more than either Medicare or the commercial market pays them.  Over the next decade, Florida could save $462 million - without cutting benefits, eligibility or payments to doctor and hospitals - simply by updating its approach to pharmacy benefits."

Like most state Medicaid programs, Florida uses a fee-for-service approach in which state officials arbitrarily decide how much to pay Medicaid pharmacies. These officials are in turn targeted and heavily lobbied by independent drug stores to set payment levels that are artificially high.  Most non-Medicaid drug benefits programs - like those offered by Medicare, employers and unions - use a different approach.  They use private 3rd party pharmacy benefit experts -- which are immune from political pressure - to negotiate more competitive rates with pharmacies and improve the use of generic drugs.

A new study finds that the Florida Medicaid program could save $462 million over the next decade by managing pharmacy benefits more like state employee plans, Medicare, Medicaid managed care plans, and commercial-sector employer plans. Voters would also prefer to reduce Medicaid spending by better managing pharmacy benefits rather than cutting benefits for patients or payments to doctors and hospitals, according to a new poll.


'/>"/>
SOURCE Pharmaceutical Care Management Association
Copyright©2010 PR Newswire.
All rights reserved

Page: 1

Related medicine technology :

1. PCMA: Focus on Patients, Not Profits, in Medicaid Pharmacy
2. PCMA: Ohios Medicaid Program Could Save $135 Million
3. PCMA: Independent Drugstore Lobby Continues Disclosure Double Standard Transparency Campaign
4. U.S. Marshals Seize Dental Devices From Florida Manufacturer
5. New Program for Medicare Beneficiaries Will Mean Major Changes Effective January 1, 2011 - Florida
6. Florida Metrology To Distribute OASIS Inspection Systems
7. Regenicin CEO to Speak at LifeTech Investor Conference in Miami, Florida November 12th, 2010
8. InfoLogix to Present at South Florida Healthcare Trade Faire & Regional Conference
9. Florida Osteopathic Physicians to Learn Value of VAP® Cholesterol Test at Annual Seminar
10. Streamline Health Document Workflow Solutions Purchased By Tampa, Florida-Based Hospital
11. Wound Management Technologies Expands Distribution Foot Print in Florida with the Addition of Central Medical Systems
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/6/2017)... , Sept. 6, 2017  Medical ... knowledge and skills while treating their patients. ... hands-on experience without involving patients. Simulation provides ... Clinicians can carry out procedures, refine techniques ... risk. Integration of new technology, such as ...
(Date:9/6/2017)... , Sept. 6, 2017 NeuroRx, a clinical stage ... Ideation and Behavior (ASIB), has been granted Fast Track status ... therapy of NRX-100 (ketamine HCl) followed by NRX-101 (D-cycloserine + ... pivotal trial of this sequential therapy targeting patients who are ... ...
(Date:9/5/2017)... , Sept. 5, 2017 Sapheneia and ... DoseCheck solution. Scannerside DoseCheck is a third-party Vendor neutral ... CT scanners and allows compliance with current MITA standards. ... proprietary XR 29 DoseCheck solution is specifically designed to ... alerts of potential radiation doses over a predefined threshold. ...
Breaking Medicine Technology:
(Date:9/24/2017)... ... ... Millions of families and businesses worldwide depend on high quality water from ... water. However, well water can also become contaminated with bacteria and odors from flood ... The EPA does not regulate private drinking water wells. Many states and towns do ...
(Date:9/24/2017)... ... ... “The Gospel Truth Of The Bible: The Other Sheep”: the ceremonial laws of Moses and ... Sheep” is the creation of published author, Maurice Caines. Maurice Caines resides in the ... been a member of the Seventh-day Adventist Church for many years. He was previously ...
(Date:9/22/2017)... ... 22, 2017 , ... MEDIA OPPORTUNITY: , Save Our Hospital - Albert Lea ... they are rallying against Mayo Clinic. Specifically, media can talk to steering committee members ... decision to close the Albert Lea hospital. , The rally aims to protect the ...
(Date:9/22/2017)... New York (PRWEB) , ... September 22, 2017 ... ... delivers and assembles Passive House buildings, and Richard Pedranti Architect (RPA), ... Passive House from the strategic partner’s Solsken Line of Model Homes . ...
(Date:9/22/2017)... ... 22, 2017 , ... Happy Living’s mission - to improve the health and ... the entertaining and delicious worlds of theatre and wines. , After watching Scott ... to turn his play into a book. The Greener The Grass ( https://www.happyliving.com/books/the-greener-the-grass ) ...
Breaking Medicine News(10 mins):