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:2/11/2016)... 11, 2016   Health 2.0 , the premiere ... technologies, announced today " 10 Year Global Retrospective ", ... over the past ten years.   ... Health 2.0 has served as the preeminent thought-leader in ... thousands of technologies, companies, innovators, and patient-activists through an ...
(Date:2/11/2016)...  AfterPill.com is reporting that this week,s Centers for ... women who are at risk of unintended pregnancy impacts ... raises the risks of unprotected sex in particular.  ... to the Guttmacher Institute, there are 43 million women ... who have sex without the intention of becoming pregnant.  ...
(Date:2/11/2016)... 11, 2016 Transformational M&A achieved through ...   --> Transformational M&A achieved through NPS and ... --> Transformational M&A achieved through NPS and Dyax ... Positioned for future growth with most robust pipeline in Shire ... for future growth with most robust pipeline in Shire ...
Breaking Medicine Technology:
(Date:2/11/2016)... ... 11, 2016 , ... Greenfield Insurance Group in Orange City, ... the people of their local community. The agency pledges to select a new ... hope is to bring awareness to important local causes with fundraising and other ...
(Date:2/11/2016)... , ... February 11, 2016 , ... ... practice Village Family Practice , will be presenting at the 2016 HIMSS ... Las Vegas, Nev. , During his session, “ Coding for Care: Using ...
(Date:2/11/2016)... ... 11, 2016 , ... The annual list showcases the 20 Most Promising SharePoint ... dedication and commitment to the SharePoint ecosystem. A panel of experts and members ... is to recognize and promote technology entrepreneurship. , The survey was made at ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... the American Academy of Dermatology Annual Meeting at the Walter E. Washington Convention ... raise awareness for both the condition of hyperhidrosis (excessive sweating) and its treatment ...
(Date:2/11/2016)... ... February 11, 2016 , ... Food Labeling for American ... and wellness best practices in the past couple of decades, and food manufacturers ... Heart Month, which acts as an exceptional opportunity to revise food labels and ...
Breaking Medicine News(10 mins):