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:6/23/2016)... , June 23, 2016 The vast majority ... outpatient dialysis facility.  Treatments are usually 3 times a ... per visit, including travel time, equipment preparation and wait ... but especially grueling for patients who are elderly and ... skilled nursing and rehabilitation centers for some duration of ...
(Date:6/23/2016)... Tenn. , June 23, 2016 /PRNewswire/ ... automating, integrating and transforming the patient payment ... of several innovative new products and services ... of its revenue cycle offerings. These award-winning ... more efficient workflows, remain compliant in an ...
(Date:6/23/2016)... June 23, 2016  The National Pharmaceutical Council ... the health policy research organization as its newest ... MD, senior vice president and chief scientific officer, ... on the NPC Board of Directors. ... Mallinckrodt has joined us in support of our ...
Breaking Medicine Technology:
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may ... to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To ... for healthy coping following a traumatic event. , Trauma sufferers tend to feel a ...
(Date:6/24/2016)... ... ... crisis. Her son James, eight, was out of control. Prone to extreme mood shifts and ... him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife on ... say he was going to kill them. If we were driving on the freeway, ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are ... for this recognition are considered among the top 2 percent of lawyers practicing within ... of this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA ... the Road To Recovery® program to drive cancer patients to and from their cancer ... ensure the highest quality of life and ongoing independence. Getting to and from ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are ... Code Talker Award, an essay contest in which patients and their families pay tribute ... presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) ...
Breaking Medicine News(10 mins):