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Pharmacists Report Soaring Generic Drug Purchasing Prices Impacting Patients, Pharmacies
Date:12/9/2013

ALEXANDRIA, Va., Dec. 9, 2013 /PRNewswire-USNewswire/ -- Pharmacy acquisition costs for scores of generic drugs have spiked by as much as 600%, 1,000% or more in 2013, a problem that is harming patient care and pharmacists, according to a survey of more than 1,000 community pharmacists conducted by the National Community Pharmacists Association (NCPA).

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"Once generic drugs become available, lower costs typically follow and community pharmacists are leading the way to maximize the savings for patients and health plans from the proper use of generics," said B. Douglas Hoey, RPh, MBA. "However, pharmacy acquisition costs for more and more generic drugs are rising in rapid, breathtaking fashion. This is having a negative impact on a number of patients, particularly Medicare beneficiaries. Meanwhile, reimbursement from pharmacy benefit managers (PBMs) is not keeping up, leaving pharmacists out in the cold and putting patient access to pharmacist care on unsustainable footing."

Patients paying more; some going without medicine

These situations often involve patients covered through Medicare and Medicaid, according to the survey. Pharmacists report patients declining their medication due to increased co-pays. The combination of higher co-pays and larger charges to drug plans are also pushing seniors into Medicare's dreaded coverage gap (or "donut hole") where they must pay far higher out-of-pocket costs.

Pharmacists put in untenable position; urge PBM
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SOURCE National Community Pharmacists Association
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