Navigation Links
PCMA: Independent Drugstore Lobby Continues 'Disclosure Double Standard' Transparency Campaign
Date:12/7/2010

WASHINGTON, Dec. 7, 2010 /PRNewswire-USNewswire/ -- The Pharmaceutical Care Management Association (PCMA) issued the following statement on today's U.S. Department of Labor (DOL) hearing:

"The independent drugstore lobby continues its 'disclosure double standard' campaign of opposing pricing transparency for themselves in Medicaid while demanding more transparency for pharmacy benefit managers (PBMs). This campaign puts its Congressional and retail pharmacy allies in the embarrassing role of attacking and defending the same policy, depending on whether it applies to them or other members of the pharmacy supply chain.

"While the federal 'transparency' provision in the health care law already applies to PBMs -- but not independent retailers -- an interesting irony remains: independent drugstores are themselves the least 'transparent' part of today's pharmacy supply chain.

"Unlike independent drugstores, PBMs are hired by payers to drive down prescription costs, not maximize reimbursements. The Federal Trade Commission (FTC), Government Accountability Office (GAO), Congressional Budget Office (CBO), the Office of Inspector General (OIG), and the Centers for Medicare & Medicaid Services (CMS) have all recognized proven PBM tools generate savings for public and private payers.

"PBMs support policies that empower payers to make informed health care purchasing decisions. However, so-called 'transparency' proposals that would give drugstores and drugmakers access to competitive information would undermine these efforts and only increase prices. The FTC has explored this issue and concluded that the PBM market is extremely competitive and that this kind of 'transparency' would increase, not decrease, costs for consumers."

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 200-plus million Americans.


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

Related medicine technology :

1. Independent Clinical Results Demonstrate Outstanding Effectiveness of INVOcell Process
2. NCPA Announces Partnership with Live Oak Bank to Help Finance Independent Community Pharmacy Purchases
3. NCPA Digest Finds Independent Community Pharmacies Stable Despite Economic, Third-Party Challenges
4. Mid*Lands IRB, LLC - First Independent IRB in Kansas and the Kansas City Area Awarded Accreditation for Protecting Research Participants
5. Independent Community Pharmacies Earn High Customer Satisfaction Scores in Latest J.D. Power and Associates National Pharmacy Study
6. Independent Study Concludes Medicare Competitive Bidding Program for Durable Medical Equipment Could Negatively Affect Care Access, Quality, and Choice for Seniors and People with Disabilities
7. Phase 3 Trial of Aflibercept in Second-Line Metastatic Colorectal Cancer to Continue as Planned at Recommendation of Independent Data Monitoring Committee
8. NCPA Launches www.PharmacyMatching.com to Connect Independent Pharmacy Buyers and Sellers
9. WuXi PharmaTech Well Positioned to Continue Growing as Independent Company; Will Receive Breakup Fee of $30 million
10. K-V Pharmaceutical Company Announces the Nomination and Appointment of New Independent Member to the Board of Directors
11. Abviva Engages W.T. Uniack & Co. As Independent Auditor
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/8/2016)... , Dec. 8, 2016  Pennsylvania Physician General ... Drug and Alcohol Programs Gary Tennis ... medications, known as benzodiazepines, developed with the help ... are medications that are frequently prescribed for anxiety ... are used with opioid pain medications, benzodiazepines pose ...
(Date:12/8/2016)... Dec. 8, 2016 True Health Diagnostics ... leading-edge laboratory services and management expertise to hospital ... , allowing more doctors and patients to benefit ... solutions. Logo - http://photos.prnewswire.com/prnh/20161208/447162LOGO ... systems, under pressure to contain costs, have struggled ...
(Date:12/8/2016)... NORWALK, Connecticut , 8. Dezember 2016 Mederi Therapeutics Inc ... Stretta-Therapie – eine nicht-operative Behandlungsmethode für gastroösophageale Refluxerkrankung (GERD) – in ... Reading ... Live ... by Professor Jun Liu, Director of Endoscopy at Wuhan Union Hospital ...
Breaking Medicine Technology:
(Date:12/8/2016)... ... 2016 , ... California Senate Bill (SB) 863, signed into law in 2012, ... and 2014, according to CompScope™ Medical Benchmarks for California, 17th Edition , a ... study, medical payments per claim in California decreased 4 percent in 2013 and then ...
(Date:12/8/2016)... San Francisco, California (PRWEB) , ... December 08, 2016 , ... ... health coaches, has raised an $18M Series B led by Canvas Ventures . ... use the capital to scale its mobile platform to serve more consumers who are ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... services from offices headquartered in Jefferson County, is announcing the launch of a ... Birmingham. , The number of homeless women and children in Birmingham has grown ...
(Date:12/8/2016)... ... December 08, 2016 , ... The Compretta Insurance Agency, a family ... in and around the Hancock County area, is announcing the launch of a charity ... , The Hancock County Food Pantry has worked for more than 30 years to ...
(Date:12/7/2016)... ... December 07, 2016 , ... DrugDev again demonstrated its dedication to ... of the early adopters completing EU-U.S. Privacy Shield Certification from the U.S. Department of ... both sides of the Atlantic with a mechanism to comply with EU data protection ...
Breaking Medicine News(10 mins):