WASHINGTON, May 28, 2013 /PRNewswire-USNewswire/ -- A new report estimates that upgrading management of drug benefits in Pennsylvania's Medicaid program could save $896 million without reducing access or the quality of benefits patients receive. The report shows that Pennsylvania and other state Medicaid programs could make more use of the tools Medicare, unions, and employers rely on to curb wasteful pharmacy spending.
Learn more about the study and Medicaid pharmacy at MedicaidPharmacySavings.com.
"The easiest way for Pennsylvania to reduce costs in Medicaid is to stop overpaying drugstores and start using cutting edge marketplace tools," said Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt . "By upgrading Medicaid pharmacy management, Pennsylvania policymakers can protect patients without cutting benefits or slashing payments to doctors, hospitals, and other providers."
Components of potential savings for Pennsylvania include:
PCMA represents the nation's pharmacy benefit managers (PBMs), which improve affordability and quality of care through the use of electronic prescribing (e-prescribing), generic alternatives, mail-service pharmacies, and other innovative tools for 216 million Americans.
|SOURCE Pharmaceutical Care Management Association|
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