Navigation Links
Pharmacists United for Truth and Transparency Marks One Year Anniversary of Fighting Abuses by Pharmacy Benefits Managers
Date:8/16/2012

WASHINGTON, Aug. 16, 2012 /PRNewswire-USNewswire/ -- Pharmacists United for Truth and Transparency (PUTT) today commemorated its first anniversary of working to expose abusive practices of pharmacy benefits managers (PBMs) and reduce the cost of prescription medications.  Since forming in August 2011, PUTT has worked to explain to employers in the private and public sectors and members of the media how PBMs, who administer prescription drug programs, increase the cost of medications while lining their own pockets with the profits.

"PUTT pharmacists have worked tirelessly this year to expose the profiteering role of PBMs and bring accountability to the shadowy world of pharmacy benefits management," said PUTT President Dave Marley. "We have a long way to go to eliminate PBM abuse of employers and taxpayers' dollars, but we're committed to the fight and excited for new breakthroughs this year."

Over the past year, PUTT's network of more than 1,000 independent pharmacists across the United States has led a charge to bring accountability to the pharmacy benefits management industry.

"An important way to keep drug prices down is transparency.  PBMs make excessive profits by charging plan sponsors far more than they pay pharmacists.  The practice is called 'spread pricing.' PBMs get away with this mark-up because their contracts prohibit pharmacists' from telling plan sponsors how much the PBM has paid them."

Amidst a merger in April between two of the nation's largest pharmacy benefits managers, Express Scripts and Medco, and growing PBM involvement in Medicaid programs through "managed care" takeovers, PUTT has advocated for increased PBM transparency and worked with benefits managers to construct and implement contracts which prohibit PBMs from price-gouging and marking-up drug costs.

ABOUT PHARMACISTS UNITED FOR TRUTH AND TRANSPARENCY
Pharmacists United for Truth and Transparency (PUTT) is an independent watchdog organization dedicated to exposing the role pharmacy benefit managers (PBMs) play in driving up prescription drug costs for consumers and employers. PUTT is a growing coalition of independent pharmacists and pharmacy owners and a resource for employers, policy makers and members of the media. It is a not-for-profit organization funded by individual members, not corporations or other special interest groups. For more information visit TruthRx.org.


'/>"/>
SOURCE Pharmacists United for Truth and Transparency
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Cardinal Health Supports Future Pharmacists With Nearly $1 Million In Scholarships
2. URAC sets standards for community pharmacy, advances dialogue about pharmacists as medication experts
3. New Specialty Pharmacy Certification Board to Certify Specialty Pharmacists
4. Cardinal Health Celebrates Community Pharmacists Commitment to Patient Care at Annual Trade Show for Independent Pharmacies
5. Community Pharmacists Take on Medication Non-Adherence to Improve Patient Health
6. Attack on the Website of the American Pharmacists Association
7. United Spinal Appointed to U.S. Access Board: Developing Accessible Standards for Medical Diagnostic Equipment
8. Alternate Distribution Channels Claim Opportunities for OTC Drug Sales in the United States, Finds Kline
9. Takeda Resubmits New Drug Applications to the United States Food and Drug Administration for Alogliptin and the Fixed-Dose Combination Alogliptin and Pioglitazone
10. United Seating & Mobility Completes Acquisition of Active American Mobilitys Rehab Division
11. United Seating & Mobility Completes Acquisition of Active American Mobility
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... -- MiMedx Group, Inc. (NASDAQ: MDXG ), the leading ... birth tissues, human skin and bone, and patent-protected processes ... and therapies, announced today that it will present at ... New York , NY.  Parker H. ... , Chief Financial Officer and Chris Cashman , ...
(Date:2/11/2016)... WESTPORT, Conn. , Feb. 11, 2016  AfterPill.com ... decision to recommend alcohol abstinence for all women who ... women in the U.S. each year and raises the ... --> --> According to the ... U.S., 70% of women of child-bearing age, who have ...
(Date:2/11/2016)... Feb. 11, 2016 Wearable posture tracker, ALEX , has taken Kickstarter by storm, crowdfunding ... seven days left to go, ALEX is said to be delivered to backers starting May of this ... ... ... Created by NAMU, a ...
Breaking Medicine Technology:
(Date:2/14/2016)... ... February 14, 2016 , ... In ... Heart Failure Nurses (AAHFN) is promoting healthier living with heart failure by providing ... Life! Healthy Living with Heart Failure will kick-off February 14 and includes tips ...
(Date:2/13/2016)... (PRWEB) , ... February 13, 2016 , ... Many individuals ... of protein for a multitude of reasons. IsoPasta by Isolator Fitness has delved ... it once more, but without the high-carb repercussions. IsoPasta has 30 grams of ...
(Date:2/13/2016)... ... ... an Au Pair comes all the way around the world to provide child ... are often worried things won’t go well. More often than not, however, they find out ... the Year winner’s all commented how their Au Pairs have become a part of the ...
(Date:2/12/2016)... ... February 12, 2016 , ... The law firm of Morrow, Morrow, Ryan & ... purpose of these scholarships is to encourage applicants to pursue a degree in their ... these two parishes. , “We have available jobs in St. Landry and Evangeline ...
(Date:2/12/2016)... ... February 12, 2016 , ... Each year, the American Physical Therapy ... Anaheim, CA at the Anaheim Convention Center. Almost 10,000 physical therapists across the country ... in action, learn more about their chosen field and network with their colleagues. ...
Breaking Medicine News(10 mins):