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:5/30/2016)... , May 30, 2016 ... H1 2016" market research report with comprehensive information ... with comparative analysis at various stages, therapeutics assessment ... of administration (RoA) and molecule type, along with ... It also reviews key players involved in the ...
(Date:5/27/2016)... 2016 According to the 2016 ... driving ambulatory blood pressure monitoring system market growth. With ... ability to respond to different pressure rates, leading to ... to various cardiovascular disorders such as heart failure, stroke, ... are growing in prevalence each year. WHO estimates that ...
(Date:5/27/2016)... , May 27, 2016 The ... manufacturers, health insurance companies all falling under its umbrella.  ... companies. While not often talked about, these healthcare companies ... United States is by far the largest ... Medical Isotope Corp. (OTC: ADMD), Nutranomics Inc. (OTC: NNRX), ...
Breaking Medicine Technology:
(Date:5/31/2016)... ... 31, 2016 , ... Spectrum Aquatics has launched a brand new ADA pool ... built with the user in mind. , “Over the last two years our key ... ADA 400 lbs lift is a necessary requirement for certain facilities with specific needs,” ...
(Date:5/31/2016)... ... ... Interest is on the rise for using the CRISPR-Cas9 system for functional ... hit validation. A key reason may be that high-throughput synthesis—combined with a proprietary algorithm ... collections in arrayed formats. , Arrayed crRNA screens have the advantage ...
(Date:5/31/2016)... ... ... TeaZa® Energy, LLC announces the launch of a new limited ... . The new flavor—Tropical TeaZa? Energy—will be available to customers exclusively online starting ... flavor is best described as a juicy, taste bud takeover. A mouthwatering wave ...
(Date:5/31/2016)... ... May 31, 2016 , ... MinerEye today announced that it ... Protection report by Gartner1 Inc. , Each year, Gartner identifies new Cool Vendors ... innovative vendors and their products and services. , According to Gartner, “Gartner's Cool ...
(Date:5/31/2016)... IL (PRWEB) , ... May 31, 2016 , ... ... multichannel marketing services firm and statement solutions provider, for the tenth ... in the May 2016 issue of Advertising Age, and SourceLink ranked eighteenth in ...
Breaking Medicine News(10 mins):