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:6/24/2016)... June 24, 2016  Collagen Matrix, Inc., ("Collagen ... and manufacturing of collagen and mineral based medical ... that Bill Messer has joined the ... further leverage the growing portfolio of oral surgery, ... Bill joins the Collagen Matrix executive team ...
(Date:6/24/2016)... CAMBRIDGE, Mass. , June 24, 2016 /PRNewswire/ ... the Spaulding Rehabilitation Network,s Dean Center for ... of Physical Medicine and Rehabilitation, MIT Hacking Medicine, ... Center for Innovation, today announced the five finalists ... Hackathon for Lyme disease.  More than 100 scientists, ...
(Date:6/24/2016)... Research and Markets has ... 2015-2025: Applications, Technologies, Forecasts" report to their ... Electronics, Smart Skin, Structural Health Monitoring, Composite Smart ... electronics involves electronic and/or electrical components and circuits ... structures such as vehicle bodies or conformally placed ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A Forever ... Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, where the rehabilitation ... as home to some of the world’s leading providers of cereal and other breakfast ...
(Date:6/25/2016)... D.C. (PRWEB) , ... June 25, 2016 , ... ... discuss health policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, ... their work on several important health care topics including advance care planning, healthcare ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe ... from the David Geffen School of Medicine at UCLA. He trained in Internal Medicine ... his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic ... many turn to unhealthy avenues, such as drug or alcohol abuse, as a coping ... released tools for healthy coping following a traumatic event. , Trauma sufferers tend to ...
(Date:6/24/2016)... CA (PRWEB) , ... June 24, 2016 , ... ... is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is ...
Breaking Medicine News(10 mins):