Navigation Links
PCMA Hails Introduction of Bipartisan Legislation to Increase the Use of Generic Drugs in Medicaid
Date:7/15/2011

WASHINGTON, July 15, 2011 /PRNewswire-USNewswire/ -- The Pharmaceutical Care Management Association (PCMA) issued the following statement on U.S. Senators Scott Brown (R-MA), Ron Wyden (D-OR), and John McCain (R-AZ) introducing The Affordable Medicines Utilization Act of 2011:

"PCMA commends Senators Brown, Wyden, and McCain for recognizing the great potential for generic drugs to reduce costs for state Medicaid pharmacy programs.

"Research commissioned by PCMA indicates that combined savings for states and the federal government would total more than $15 billion over the next ten years if state fee-for-service (FFS) Medicaid programs brought their generic drug use in-line with managed Medicaid pharmacy programs.

"Currently, the generic drug dispensing rate averages just 68% across state Medicaid FFS programs nationally, compared to an 80% level achieved by optimally managed Medicaid pharmacy programs.

"Polling finds voters would rather modernize Medicaid pharmacy than cut benefits for patients or payments to doctors and hospitals.

"Transitioning to a more efficient and affordable pharmacy benefit model would save states across the country billions without limiting access, the National Center for Policy Analysis (NCPA) announced in a recent white paper, "Increasing the Cost-Effectiveness of Medicaid Drug Programs."

"On top of savings from generics, PCMA-sponsored research has identified nearly $18 billion in additional savings during the 2012-2021 period if state Medicaid programs used additional pharmacy benefit management tools more effectively."

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 210-plus million Americans.

Follow PCMA on Twitter


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

Related medicine technology :

1. Lung Cancer Alliance Hails Announcement of New Erbitux(R) Data
2. AdMeTech Hails New Research That Shows Promise of MRI to Discriminate Aggressive Prostate Cancer From Dormant Disease
3. U.S. Department of Energy Hails Dilon Diagnostics as a Medical Technology Pioneer and Top National Innovator
4. CHPA Hails Passage of Electronic Stop-Sale Technology by the NC Legislature
5. Actavis Hails U.S. Supreme Court Decision in Labeling Cases
6. Bioniche Pharma and Academic Pharmaceuticals, Inc. Announce the Introduction of Sotalol Hydrochloride Injection
7. RegenceRx Leads the Industry With Introduction of Medication Cost Integration
8. OrthoAccel Technologies, Inc. and AB Orthodontics Announce Partnership and Australian Product Introduction
9. Halozyme Provides HYLENEX® Product Reintroduction Update
10. ConvaTec Expands AQUACEL® Dressing Product Line With Introduction of New Ribbon Dressing
11. Introduction of New Products and Increased Uptake of Innovative Materials to Drive US Bone Graft Substitute Market to Nearly $2.3 Billion by 2015
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/2/2017)... 2017 Diplomat Pharmacy, Inc. (NYSE: ... Consulting, LLC , and named its founder as Diplomat,s ... Tennessee , will operate under Diplomat ... service offerings for health care partners to include IT ... "In an interoperable world, technology delivers comprehensive ...
(Date:9/28/2017)... Hill-Rom Holdings, Inc. (NYSE: HRC), will host ... webcast on Friday, November 3, 2017, beginning at 7:00 ... approximately 8:30 a.m. (CDT) / 9:30 a.m. (EDT). ... performance and guidance for 2018, Hill-Rom executives will also ... performance, and long-range financial outlook through 2020. ...
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., a ... design, and immune-engineering today announced the launch of ... development of personalized therapeutic cancer vaccines. EpiVax has ... exclusive access to enabling technologies to the new ... will lead EpiVax Oncology as Chief Executive Officer. ...
Breaking Medicine Technology:
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and San Francisco dentists, ... cutting-edge Oventus O2Vent technology. As many as 18 million Americans are estimated to ... breathing. Oral appliances can offer significant relief to about 75 percent of people ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... products to meet the demand of today’s consumer and regulatory authorities worldwide. From ... probiotic experts and tested to meet the highest standard. , These products ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of Medical Informatics (ACMI) will ... during the Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual ... F. Collen, a pioneer in the field of medical informatics, this prestigious award is ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... drug delivery system that we intend to develop to enable prevention of a ... lead to severe hearing loss, especially in pediatric patients. For cisplatin, hearing loss ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards luncheon ... editorial and design excellence across a range of sectors. This year’s program included the ...
Breaking Medicine News(10 mins):