Navigation Links
Watchdog Organization Releases Toolkit to Help Employers Navigate Pharmacy Benefits Contracts
Date:3/4/2013

WASHINGTON, March 4, 2013 /PRNewswire-USNewswire/ -- A watchdog organization released a tool today to help employers navigate the difficult process of negotiating contracts with the third-party administrators of prescription drug programs known as pharmacy benefits managers (PBMs).

Produced by Pharmacists United for Truth and Transparency (PUTT), the tool offers an in-depth look at the complexity of negotiating pharmacy benefits and includes information on the role of PBMs, common problems employers face, definitions of industry jargon, and information on rebates, verification and plan services. More information is available at www.truthrx.org.

"We're proud to outfit employers with the tools they need to make sure contracts are fair and that they're not paying more than they should for prescription drugs," said Dave Marley , President of Pharmacists United for Truth and Transparency.  "PBM contracts are complex.  They routinely fail to ensure that employers receive the cost savings that they expect when they pay for PBM services."

The difficulty of navigating employer-PBM contracts is compounded by similarly lopsided contracts between pharmacies and PBMs.  Often, pharmacists are contractually forbidden from telling the PBM's clients how much they receive for the same drug.  That lack of transparency gives the PBMs increased confidentiality to mark-up employers' prices.

Amidst the 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" models, PUTT has advocated for increased PBM transparency and worked with benefits managers to construct and implement contracts which prohibit PBMs from marking-up drug costs.

PUTT produced the tool kit with research contributions from the Harrison Institute for Public Law at Georgetown University. The Institute has 40 years of experience assisting nonprofit organizations with their legal and policy needs.

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 benefits 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. Consumer Watchdog Calls For Political Response To Physician Drug Abuse Scandal, Including Mandatory Drug Testing for High Risk Doctors Across California
2. Ensuring Pharmaceutical Organizations are Effectively Organizing and Deploying Medical Science Liaisons across Diverse Customer Groups
3. Contract Manufacturing Organizations to 2018 - Cost Advantages and Improving Quality Standards Build Confidence and Encourage Foreign Investment in Asian CMOs
4. Uroplasty Announces Executive Changes In US Sales Organization
5. MicroConstants China Signs Site Management Organization Agreement with the Clinical Research Center of No. 307 Hospital
6. B. Braun Joins National Health Organization Supporting Environmental Practices
7. HOLOGIC ANNOUNCES ORGANIZATIONAL CHANGES TO ITS DIAGNOSTICS SEGMENT; INTEGRATION OF GEN-PROBE PROCEEDING AHEAD OF SCHEDULE
8. H. D. Smith Establishes Specialty Solutions Organization And Realigns Senior Leadership To Support Growing Geographic Reach, Diversified Businesses
9. Drug Discovery and Development Market in Asia - Partnerships Between MNCs and Asian Academic Institutions and Healthcare Research Organizations are Driving R&D Innovation
10. iSALUS Healthcares chairman receives national honors from Samaritans Purse - an international organization providing spiritual and physical aid to victims of war, poverty, natural disaster and disease.
11. Novo Nordisk Supports Four San Francisco-based Organizations In Fight Against Diabetes
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/30/2016)... 30, 2016 The global  ... 7.3 billion by 2024, according to a new ... natality rate, the growing malnutrition coupled with the ... gastro-intestinal tract diseases are expected to boost the ... (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) , ...
(Date:5/30/2016)... 2016 LifeScienceIndustryResearch.com adds "Ulcerative ... report with comprehensive information on the therapeutic development ... various stages, therapeutics assessment by drug target, mechanism ... molecule type, along with latest updates, and featured ... players involved in the therapeutic development for Ulcerative ...
(Date:5/27/2016)... CAESAREA, Israel , May 27, 2016 ... developer of the Dario™ Diabetes Management Tool, today announced that ... present at the Marcum MicroCap Conference being held June 1-2 ... LD Micro Invitational, being held June 7-9 in ... Mr. Ben-David will discuss recent corporate and operational milestones, including ...
Breaking Medicine Technology:
(Date:5/31/2016)... ... May 31, 2016 , ... Phynd Technologies, Inc. announced recently ... Methodist – Houston, TX and Shore Medical Center – Somers Point, NJ. The new ... leading EHR solutions, demonstrating the breadth of Phynd’s solution and its interoperability. , Houston ...
(Date:5/31/2016)... ... , ... Dr. Charles A. Ditta attained his Doctor of Medical Dentistry Degree ... 1986, where he graduated in the top ten percentile of his class. Dr. Ditta ... He has been a member in good standing for thirty years in the American ...
(Date:5/31/2016)... Port Washington, NY (PRWEB) , ... May 31, 2016 , ... ... and other essential nutrients to on the go individuals and dedicated athletes, continues to ... functions. , Loaded with whey, pea and milk protein, branched-chain amino acids (BCAA), ...
(Date:5/30/2016)... ... 2016 , ... Shaolin Institute officially starts the annual overnight ... summer training camp starts on June 17th on Shaolin Institute Atlanta Campus. ... fun and unique experience with an opportunity to learn KungFu martial arts ...
(Date:5/29/2016)... (PRWEB) , ... May 29, 2016 , ... "With 30 ... let's the user control the style of their project," said Christina Austin - CEO ... 30 self-animating web-themed intros created exclusively for use in Final Cut Pro X. Pixel ...
Breaking Medicine News(10 mins):