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:2/4/2016)... 4, 2016  Omnicell, Inc. (NASDAQ: OMCL ), a ... healthcare systems, today announced results for its fiscal year ... --> --> GAAP results: Revenue for ... $5.1 million or 4.1% from the third quarter of ... fourth quarter of 2014. Revenue for the year ended ...
(Date:2/4/2016)... 2016  Aethlon Medical, Inc. (Nasdaq: AEMD ... to treat life-threatening diseases, today announced results for ... 31, 2015. --> ... in our last quarterly call, we strategically advanced ... objective to establish the Aethlon Hemopurifier® as a ...
(Date:2/4/2016)... 4, 2016  AMRI (NASDAQ:  AMRI) today announced that ... and President of Pfizer Global Supply, has been elected to ... 2016. In addition, the Company announced that Mr. Gabe ... since 2010, has retired from the AMRI Board of Directors ... other business ventures.  William S. Marth , ...
Breaking Medicine Technology:
(Date:2/7/2016)... Texas (PRWEB) , ... February 07, 2016 , ... ... new MyDecision™ program. MyDecision™ empowers employers and organizations with the tools and information ... MyDecision™ combines three elements to cut the cost of providing employee healthcare benefits ...
(Date:2/6/2016)... ... February 06, 2016 , ... ... ADVISORY: 5000 PERIOPERATIVE NURSES EXPECTED AT AORN SURGICAL CONFERENCE & EXPO , ... the world with an estimated 5000 perioperative nurses in attendance to study ...
(Date:2/6/2016)... ... ... With the FCPX LUT: Summer pack from Pixel Film Studios, ... is a Lookup Table that contains a mathematical formula for modifying an image. The ... manipulating each pixel, LUT's can change each color range differently, it gives the user ...
(Date:2/6/2016)... , ... February 06, 2016 , ... ... of eating disorder treatment helps to reduce the frequency and level of relapse. ... Recovery Phase: Re-Establishing Healthy Identity and Purpose,” will explore the critical tasks of ...
(Date:2/5/2016)... ... February 05, 2016 , ... Love is in the air ... variety of colors, assortments and packaging. This staple for Valentine’s Day is a must-have, ... , For Valentine’s Day, not only are long-stem roses available, but also other ...
Breaking Medicine News(10 mins):