Navigation Links
PCMA Outlines $100 Billion in Prescription Drug Savings for Deficit Reduction Committee
Date:8/31/2011

WASHINGTON, Aug. 31, 2011 /PRNewswire-USNewswire/ -- As the Joint Select Committee on Deficit Reduction examines options to reduce the deficit by $1.5 trillion over the next ten years, the Pharmaceutical Care Management Association (PCMA) outlined in a letter to the committee opportunities to leverage greater use of pharmacy benefit management tools to save more than $100 billion in prescription drug costs over that same time period.

"Everyone in the pharmacy community: drugstores, pharmacy benefit managers, drug companies, drug wholesalers, and others have a responsibility to offer cost-saving solutions to this committee," said PCMA President and CEO Mark Merritt. "The solutions we outline would save more than $100 billion, improve prescription drug benefits, and increase access to these benefits."

Using innovative cost-saving tools and technologies, PBMs have worked closely with payers in designing drug benefits that lower costs and expand access to prescription drugs.  These tools – including pharmacy networks, home delivery, utilization management (such as step therapy and prior authorization), and formularies – help make prescription drug benefits more affordable.

Below are options PCMA recommended to the Joint Select Committee:

  • Modernize Medicaid Pharmacy. Over the next decade, the federal government could save $21 billion – without cutting benefits or payments to doctors and hospitals – by modernizing Medicaid pharmacy benefits. Currently, the program uses fewer generic drugs and pays drugstores more than double the dispensing fees that Medicare or private insurers pay.
  • Maximize Generic and Therapeutic Substitution in Part D.  Fully realize the potential savings available as outlined by the Congressional Budget Office to increase ge
    '/>"/>

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

Page: 1 2 3

Related medicine technology :

1. FDA Outlines Oversight of Mobile Medical Applications
2. Lilly Outlines For Investors How Its Innovation-Based Strategy and Robust Pipeline Will Drive Future Growth Following Upcoming Patent Expirations
3. Oclaro Provides Complete Fiber Laser Diode Solutions Portfolio; Outlines Future Innovation and Technology Advancements
4. Amgen Outlines Strategy, Growth Objectives and Capital Allocation Plans
5. Mithridion, Inc. Announces New Funding and Outlines Strategy for Central Nervous System Drug Development
6. Medical Affairs Report Outlines Resource Needs for Group Success
7. Alexza Pharmaceuticals Updates Staccato® Pipeline and Outlines Pipeline Development Strategy
8. Solos Endoscopy, Inc. Outlines Marketing Strategy for 2010 Campaign
9. Lilly Outlines Innovation Strategy, Reviews Promising Pipeline of Potential Medicines and Sets 2010 Financial Guidance
10. Is Poor Medical Equipment Planning Costing your Healthcare Project Wasted Dollars and Delays? ECRI Institute outlines best practices to ensure better outcomes
11. Bob McDonald Outlines Key Long Term Growth Strategies To P&G Shareholders
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2015)... FORT WORTH, Texas , May 28, 2015 /PRNewswire/ ... defines and segments the concerned market with analysis and ... million in 2014 and is estimated to reach $1,177.8 ... 2014 to 2019. Browse through the TOC ... the industry trends and segments, with help of various ...
(Date:5/28/2015)... Colo. , May 28, 2015  Array BioPharma ... encorafenib, binimetinib and selumetinib (licensed to AstraZeneca) at the ... which will be held May 29 – June 2, ... three products are currently advancing in a total of ... from both the NEMO (binimetinib monotherapy in NRAS mutant ...
(Date:5/28/2015)... , May 28, 2015  Pharmaceutic Labs announces ... under section 503B of the FDA,s Drug Quality ... the company is subject to Current Good Manufacturing ... medications according to the highest standards of CGMP ... 211. To continuously comply with FDA regulations and ...
Breaking Medicine Technology:Mannequin-Based Simulation Market Report is Expected to Reach $1,177.8 Million by 2019, at a CAGR of 19.4% from 2014 to 2019 2Mannequin-Based Simulation Market Report is Expected to Reach $1,177.8 Million by 2019, at a CAGR of 19.4% from 2014 to 2019 3Array BioPharma Announces Clinical Data Presentations At The 2015 ASCO Annual Meeting 2Array BioPharma Announces Clinical Data Presentations At The 2015 ASCO Annual Meeting 3
... LAS VEGAS, BASKING RIDGE, N.J., and TOTOWA, N.J., Jan. ... (CES), Verizon Wireless and VectraCor, Inc. today said the ... booth (Las Vegas Convention Center, South Hall, Booth #30259).  ... ambulatory cardiac monitor that incorporates an electrocardiogram (ECG) amplifier ...
... 10, 2012  Wells Pharmacy Network President, Robert L. ... opening of Wells Pharmacy,s corporate headquarters. Located in ... pharmacy is focused on serving the unique needs ... Compounding combines the art and skill of pharmacy with the ...
Cached Medicine Technology:Verizon Wireless' Network Supports VectraCor's Ambulatory Cardiac Monitor 2Verizon Wireless' Network Supports VectraCor's Ambulatory Cardiac Monitor 3"Wells Pharmacy Network" a Premier Compounding Pharmacy Focused on Serving the Unique Needs of the Medical and Veterinarian Communities Opens in Wellington 2
(Date:5/28/2015)... Ross A. Clevens, MD, FACS, Brevard’s ... Beard as the new marketing director for Clevens Face ... all marketing and promotional events for the practice. Beard ... developing compelling marketing strategies to achieve targeted results. Prior ... as guest communication manager at the Walt Disney World ...
(Date:5/28/2015)... The Paw Project, an ... billboard intended to educate the Oregon public about the ... intersection of Market Street and Park Avenue in Salem, ... for De-clawing Cats, Raise Your Hand,” depicts a human ... providing a graphic and anatomically-correct representation of the declaw ...
(Date:5/28/2015)... May 28, 2015 Altima Technologies, ... Device Library for documenting and diagramming data center ... for the following product lines: , Manufacturer ... 5500, Chatsworth Products N-Series TeraFrame Cabinet, Middle Atlantic ... Eclipse, Fore Systems ForeRunner, Marantz America MM Series, ...
(Date:5/28/2015)... May 28, 2015 Workers’ compensation costs per ... state, a recent study by the Workers Compensation Research ... a three-year period. , The WCRI study, CompScope™ Benchmarks ... workers missed seven days or more of work with those ... average 2011 Michigan claim was 4 percent lower than similar ...
(Date:5/28/2015)... 2015 More than 300 locations of ... money to help the Muscular Dystrophy Association save and ... related life-threatening diseases that limit muscle strength and mobility ... , From June 1 to June 30, sweetFrog associates ... opportunity to help send local children affected by neuromuscular ...
Breaking Medicine News(10 mins):Health News:Clevens Face and Body Specialists Welcomes Teresa Beard as Marketing Director 2Health News:Declawing is Cruel, Education is the Key - Says the Paw Project 2Health News:Declawing is Cruel, Education is the Key - Says the Paw Project 3Health News:NetZoom™ Visio® Stencil Library Updates for EMC, Cisco, and Chatsworth Products 2Health News:Michigan Workers’ Compensation Costs Lower Than Most States, Says WCRI Study 2Health News:sweetFrog and MDA Join Forces to Send Kids with Muscle Disease to Summer Camp 2Health News:sweetFrog and MDA Join Forces to Send Kids with Muscle Disease to Summer Camp 3
... competition behind almost 60% of cases, study finds ... high school athletes in the United States are ... , The researchers looked at football, soccer, volleyball, ... injuries accounted for just 8 percent of all ...
... study published in Journal of the American Geriatrics Society ... populations may be associated with cognitive decline. The study examined ... drug used to treat a variety of disorders that include ... aged 65 years or older with high blood pressure. ...
... BIRMINGHAM, Ala., Jan. 26 HealthSouth,Corporation (NYSE: HLS ... Global High Yield & Leveraged Finance Conference on Feb. 2-4, ... Chief Financial Officer John Workman will be speaking on,Tuesday, Feb. ... live and may,be accessed via the Investor Information section on ...
... while crossing streets are at a higher risk for injuries ... University of Alabama at Birmingham (UAB) in a new study ... . , "Cell phones clearly offer convenience and safeguards to ... when children attempt to multitask while conversing on the cell ...
... people have the right to clean air. Action ... may soon be able to breathe easier, said Dr. ... Alliance for Hispanic Health, the nation,s leading Hispanic health ... a Presidential Memorandum to the Environmental Protection Agency (EPA) ...
... /PRNewswire/ -- Alma Lasers Ltd. ("Alma"), ... devices, announced today the FDA clearance and immediate ... is the fifth module available on the Accent(TM) ... FDA clearance for "the temporary reduction in the ...
Cached Medicine News:Health News:HS Sports Shoulder Injuries More Likely in Boys 2Health News:Common medication associated with cognitive decline in elderly 2Health News:Cell phones dangerous for child pedestrians, UAB study finds 2Health News:Statement on Presidential Memorandum to EPA to Review Lifting of Ban on California Clean Car Standard 2
The Cogent Microbial Luminescence System (MLS) is a superior Rapid microbial detection system for UHT product screening combining proven technology of ATP-bioluminescence with unsurpassed hardware in...
ELP 40- 8 Way Head Strip Plate Washer....
Finstruments 96 well washer and Cellwasher. Multi-function with touch programmable display....
The Finstrip 4 is an effective and reliable microplate washer offering high performance, simplicity and ease of use....
Medicine Products: