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:2/24/2017)... -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), ... the Cowen and Company 37 th Annual Health ... Tuesday, March 7, 2017 at 11:20 a.m. Eastern Time. ... can be accessed at http://wsw.com/webcast/cowen38/zbh .  The webcast ... Zimmer Biomet,s Investor Relations website at http://investor.zimmerbiomet.com . ...
(Date:2/24/2017)... CUPERTINO, Calif. , Feb. 24, 2017  In ... fourth quarter 2016 financial results press release, you are ... be broadcast live over the internet on Tuesday, March ... Pacific Time). A live audio webcast of ... at www.durect.com and clicking "Investor Relations."  If ...
(Date:2/24/2017)... , Australien, 24. Februar 2017 ... diversifiziertes Unternehmen des Gesundheitsbereiches, ist erfreut, für das ... mit dem entsprechenden Vorjahreszeitraum exzellente Ergebnisse vorlegen zu ... und Aktualisierung zum Wachstum" finden Sie hier ... Gewinn nach Steuern 2,12 Millionen USD (Dez. 2015: 1,04 Millionen USD; ...
Breaking Medicine Technology:
(Date:2/23/2017)... ... February 23, 2017 , ... On ... issued a letter to withdraw previous guidance issued by the Obama ... The guidance issued in May 2016 by the Obama Administration came in response ...
(Date:2/23/2017)... ... 2017 , ... The Lymphoma Research Foundation (LRF) – the ... the lymphoma community through a comprehensive series of education programs, outreach initiatives and ... Beach to host its Swirl: Miami Wine Tasting Event on March 28, 2017. ...
(Date:2/23/2017)... ... February 23, 2017 , ... The American Cleft Palate-Craniofacial ... 74th Annual Meeting. KLS is a longtime supporter of the event. , "We ... and Platinum Sponsor," said Dr. Bob Havlik, 2017 ACPA President. "KLS Martin has a ...
(Date:2/23/2017)... ... February 23, 2017 , ... Hamlin Dental Group and Dr. Hamid Reza, ... a raffle. Throughout the month of February, patients who visit Hamlin Dental Group will ... a dinner for two at the Cheesecake Factory. , Tickets are available for ...
(Date:2/23/2017)... Mass. (PRWEB) , ... February 23, 2017 , ... ... as an approved content provider for the National Institute for Health and ... and social care-related organizations in the National Health Service (NHS) to search, order ...
Breaking Medicine News(10 mins):