Navigation Links
PCMA: Study Credits PBM Tools with Reducing Prescription Drug Spending Growth

WASHINGTON, July 28, 2011 /PRNewswire-USNewswire/ -- Prescription drug spending growth slowed from an estimated 5.3 percent in 2009 to 3.5 percent in 2010, according to new data released today by the Centers for Medicare and Medicaid Services (CMS) and reported on in Health Affairs. Researchers credit the slowdown in spending growth to pharmacy benefit management tools like tiered copays shifting medication use toward lower cost generic drugs. Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt released the following statement today on the new data:

"This new research confirms that innovative PBM tools – including incentivizing the use of generic medications – lower costs for consumers and payers. Payers and policymakers alike should explore broader use of PBMs' cost-saving tools and reject policies that make it harder to reduce prescription drug costs.

"The cost explosion in Medicaid pharmacy – which unlike Part D and the commercial market rejects many PBM tools – is a stark reminder of the need to modernize pharmacy benefits.

"As Medicaid expands under the health care law, policymakers should explore the Part D model for consumer-friendly ways to reduce wasteful spending in Medicaid pharmacy. According to a recent report, states and the federal government could save $33 billion – without cutting benefits for patients or payments to doctors and hospitals – by bringing Medicaid pharmacy benefits into the 21st century."

Key data points from today's Health Affairs report include:

  • Prescription drug spending growth slowed from an estimated 5.3 percent in 2009 to 3.5 percent in 2010.
  • "This deceleration resulted from continued slow growth in the use of drugs and the ongoing change in the mix of drugs purchased," according to CMS.
  • The generic dispensing rate is projected to have increased to 69 percent in 2010, up from 66 percent in 2009.
  • "Through tiered copays and other mechanisms, health plans have continued to shift medication use toward less-costly generic drugs," according to CMS.

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.

Follow PCMA on Twitter

SOURCE Pharmaceutical Care Management Association
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. PCMA: Anti-Fraud Group Spotlights Policies that Promote Health Care Fraud and Abuse
2. PCMA: Mississippis Secret Prescription Drug Tax Will Raise Costs
3. PCMA: Generics, Mail-Service Pharmacy Recognized as Ways to Reduce Costs for TRICARE Program
4. PCMA: Some Drugmakers Lobbying to Limit E-Prescribing of Generics, Drug Safety Checks
5. PCMA: Florida Could Reduce $462 Million in Wasteful Medicaid Pharmacy Spending
6. PCMA: Focus on Patients, Not Profits, in Medicaid Pharmacy
7. PCMA: Ohios Medicaid Program Could Save $135 Million
8. PCMA: Independent Drugstore Lobby Continues Disclosure Double Standard Transparency Campaign
9. Marshall Edwards Announces Publication of Pre-Clinical Study Showing Activity in Chemotherapy-Resistant Ovarian Cancer Stem Cells
10. Micell Technologies Completes Enrollment in DESSOLVE II Study of the MiStent® Drug-Eluting Coronary Stent
11. New Study: Mail-Service Pharmacies Improve Outcomes for Patients Using Cholesterol Medications
Post Your Comments:
(Date:12/1/2015)... December 1, 2015 Biovicas ... Study Group (IBCSG, Bern ) ... i en klinisk studie av palbociclib, ett nytt ... --> Studien, med namn PYTHIA, kommer följa ... läkemedel i kombination med palbociclib, som tillhör klassen ...
(Date:11/30/2015)... Dec. 1, 2015 Researchers have developed software ... part thickness and checks for motion, positioning and beam ... study presented today at the annual meeting of the ... (RSNA). Steven Don , M.D., associate professor ... School of Medicine in St. Louis, Mo. ...
(Date:11/30/2015)... TOKYO , 1. Dezember 2015 /PRNewswire/ ... größte Messe und Konferenz für Entwicklung ... 20. bis 22. April 2016 in ... Foto:- ... Logo: Logo: ...
Breaking Medicine Technology:
(Date:12/1/2015)... ... , ... Nurotron Biotechnology Co., Ltd., maker of cochlear implant systems, has won ... order will be from the China Disabled Persons’ Federation, a central government association, for ... for children and adults suffering from severe and profound hearing loss . The ...
(Date:12/1/2015)... ... December 01, 2015 , ... Tympani Inc., ... Provider (ATP) status from Cisco. This designation recognizes Tympani as having fulfilled the ... Center solutions targeted to the high-end enterprise contact center marketplace. , Ed Kapelinski, ...
(Date:11/30/2015)... ... November 30, 2015 , ... Trevor and Taylor Crabb have unveiled an exciting ... chance to represent the United States. This hybrid crowdfunding campaign is designed ... their journey in addition to offering corporate sponsors with some great marketing deliverables with ...
(Date:11/30/2015)... ... December 01, 2015 , ... The National Association of Professional ... VIP Woman of the Year Circle. She is recognized with this prestigious distinction for ... for professional women, boasting more than 850,000 members and over 200 operating Local Chapters. ...
(Date:11/30/2015)... ... December 01, 2015 , ... Live Very Well is ... insurance plans on . The multi-carrier insurance exchange platform offers individual ... allowing consumers to compare, quote and match plans to meet their needs. ...
Breaking Medicine News(10 mins):