Navigation Links
Pharmacists Work with Congress to Address PBM Abuses
Date:11/16/2009

ACPCN Joins Congressional Leaders to Introduce Legislation

WASHINGTON, Nov. 16 /PRNewswire-USNewswire/ -- The Association of Community Pharmacists Congressional Network (ACPCN) will join congressional leaders tomorrow to introduce the "Patient Health & Real Medication Access Cost Savings Act." The bill by U.S. Rep. G.K. Butterfield (D-NC) will reduce patient dependence on pharmacy benefit management (PBM) companies for medications.

"Congress is prepared to clean up the waste in the pharmaceutical supply chain," according to Mike James, ACPCN vice president for government affairs and a practicing pharmacist. "Congressional leaders are finding out what the nation's business leaders already know--PBMs add very little value to the health care system, but they take a lot out of it."

Nearly 60 large employers that collectively spend $4.9 billion for prescription drugs have recently either dropped their PBMs or forced them to disclose their drug acquisition costs.

The bipartisan legislation is supported by key members of Congress who are looking for similar cost-cutting strategies and better options for patients who need prescription drugs. ACPCN worked with Congress to identify abusive PBM practices that are undermining the health care system and strategies by private sector employers to cut costs by forcing PBMs to change.

"Our health care system should emphasize quality of care and cost-cutting," stated Rep. Butterfield. "That means removing conditions in the supply chain that increase costs without improving outcomes."

The bill will reduce drug costs by preventing secret "spread pricing," where PBMs purchase drugs and pay pharmacies at one price, and then charge the government and insurers a higher price without disclosing the difference. It will also prevent patient "steering," where PBMs force patients to obtain medications through mail-only systems or pharmacies owned by the PBMs. Under the bill, pharmacies will also help government and insurers increase the use of lower-cost generic pharmaceuticals.

ACPCN prepared an overview for Congress and the media of secret practices and misleading statements the PBM industry uses to protect its franchises from congressional scrutiny. The overview may be obtained by contacting ACPCN.

"The PBM industry claims it provides better services at lower costs than local pharmacies, but it cannot prove it," James stated. "If Congress holds PBMs to the same standards of transparency and accountability that it imposes on every other provider, the drug delivery system will be transformed for patients and taxpayers."

SOURCE Association of Community Pharmacists Congressional Network


'/>"/>
SOURCE Association of Community Pharmacists Congressional Network
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. Pharmacists Report Patients do not Treat Cold and Flu Symptoms Early Enough, New Survey Shows
2. Confusion over Influenzinum Clarified by the American Association of Homeopathic Pharmacists (AAHP)
3. National Pharmacy Technician Day: Pharmacy Technician Certification Board (PTCB) Recognizes Pharmacy Technicians During Octobers American Pharmacists Month
4. CVS Caremark Celebrates Outstanding Pharmacy Care to Patients During American Pharmacists Month in October
5. Boston Scientifics Urology/Gynecology Products Featured in Studies at Global Congress
6. Dr. Brad Vince, with Vince and Associates Clinical Research, Presents at the Exploratory Development World Congress 2009
7. Bayer HealthCare Presents Florbetaben Phase II Study Results at World Congress of Neurology
8. Microlife-WatchBP Series is Proud to Present its Total Concept at the World Hypertension Congress
9. PEAK Surgical Announces Results of First PRECISE Studies at American College of Surgeons Clinical Congress
10. A Unique Endoluminal Approach for the Treatment of Morbid Obesity Selected for Presentation at the 2009 American College of Surgeons Clinical Congress
11. Ethicon Endo-Surgery Unveils Full Energy Portfolio for First Time at American College of Surgeons Clinical Congress
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/19/2017)...   ZirMed Inc ., a recognized leader in cloud-based ... has been ranked #1 by its users for the seventh ... User Survey. ZirMed was recognized as the top-ranked end-to-end revenue ... centers over 200 beds and holds one of the longest ... history. ...
(Date:9/18/2017)... R.I. , Sept. 18, 2017 /PRNewswire/ ... the fields of bioinformatics and immune engineering, ... a protective avian influenza A (H7N9) vaccine. ... distantly related to seasonal influenza and presents ... rely on prior exposure to be effective. ...
(Date:9/12/2017)... Sept. 12, 2017   EcoVadis , the leading platform for environmental, ... first annual edition of its Global CSR Risk and Performance Index. The ... EcoVadis, based on Scorecard Ratings that analyzed nearly 800,000 data points across ... ... ...
Breaking Medicine Technology:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Yisrayl Hawkins, ... week that explains one of the most popular and least understood books in the ... cryptic and puzzling descriptions that have baffled scholars for centuries. Many have tossed it ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... and Agile Software Development, has been awarded a contract by the Center for ... Agreement (BPA) aims to accelerate the enterprise use of Agile methodologies in a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian ... On The Brink” is the creation of published author, William Nowers. Captain Nowers ... a WWII veteran, he spent thirty years in the Navy. Following his career ...
(Date:10/12/2017)... ... 12, 2017 , ... CitiDent and San Francisco dentists, Dr. ... Oventus O2Vent technology. As many as 18 million Americans are estimated to suffer ... Oral appliances can offer significant relief to about 75 percent of people with ...
(Date:10/12/2017)... Wis. (PRWEB) , ... October 12, 2017 , ... ... standard products to meet the demand of today’s consumer and regulatory authorities worldwide. ... of probiotic experts and tested to meet the highest standard. , These ...
Breaking Medicine News(10 mins):