Le Lézard
Classified in: Health
Subjects: EXE, AVO

PCMA Submits Comments on the Administration's Proposed Rule Revising the Safe Harbors for Prescription Drug Rebates


WASHINGTON, April 8, 2019 /PRNewswire/ -- Pharmaceutical Care Management Association (PCMA) President and CEO JC Scott issued the following statement on the association's public comments on the Health and Human Services Office of Inspector General's proposed rule revising the safe harbors around prescription drug rebate negotiations in Medicare and Medicaid managed care.

"We understand that the status quo on drug pricing is not sustainable, and that we all have a role to play in finding solutions. There is a constructive conversation to be had on how best to balance the use of PBM-negotiated prescription drug savings between premium reduction and lower out-of-pocket costs, and we stand ready to work with policymakers and the Administration to reduce list prices and costs to consumers. However, as it currently stands, the proposed rule does not achieve those objectives.

As drafted, the proposed rule risks significantly increasing premiums for all Part D beneficiaries, raising taxpayer costs for the program, and destabilizing Medicare Part D.

To help mitigate those risks, if the proposed rule moves forward, it should be modified to ensure that PBMs can effectively negotiate lower drug prices for Medicare beneficiaries and utilize existing infrastructure to efficiently administer any changes to how savings are utilized. PBMs are the entities in the supply chain best positioned to help accomplish the Administration's goals on Medicare rebate reform.

Drug manufacturers alone have the power to set prices. PBMs provide an essential, and indeed the only, check against drugmakers' pricing strategies. In negotiating lower drug costs on behalf of 266 million consumers, PBMs have a successful track record of achieving an overall stable cost trend for prescription drugs in private insurance and public programs, as well as affordable Medicare Part D premiums."

(PRNewsfoto/Pharmaceutical Care Management)

Click here to read PCMA's public comments on the proposed rule.

PCMA is the national association representing America's pharmacy benefit managers (PBMs). PBMs administer prescription drug plans for more than 266 million Americans who have health insurance from a variety of sponsors including: commercial health plans, self-insured employer plans, union plans, Medicare Part D plans, the Federal Employees Health Benefits Program (FEHBP), state government employee plans, Medicaid plans, and others.

SOURCE Pharmaceutical Care Management Association


These press releases may also interest you

at 23:09
Agropur has announced an immediate recall of Iceberg brand 190 mL ice cream sandwiches sold in boxes of 8, and Originale Augustin brand 190 mL ice cream sandwiches sold in boxes of 30, due to a risk of fine metal particles in the product. Agropur's...

at 22:50
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Trevena, Inc. .   On November 7, 2017,...

at 21:46
Industry is recalling certain Pacific oysters from the marketplace due to a marine biotoxin which causes Paralytic Shellfish Poisoning. Consumers should not consume the recalled products described below. The following products have been sold in...

at 19:50
Avricore Health Inc.  ("Avricore Health" or the "Company") announces that, further to its news releases dated June 5, 2019 and July 11, 2019, the TSX Venture Exchange has granted the Company a 30 day extension from the date hereof to close its...

at 18:51
Laboratory Medicine Consultants, Ltd. ("LMC") has been informed by Retrieval Masters Creditors Bureau d/b/a American Medical Collection Agency ("AMCA") of a data security incident involving the AMCA payment website. AMCA is an independent collection...

at 18:51
Western Pathology Consultants, Ltd. ("Western Pathology") has been informed by Retrieval Masters Creditors Bureau d/b/a American Medical Collection Agency ("AMCA") of a data security incident involving the AMCA payment website. AMCA is an independent...



News published on 8 april 2019 at 16:29 and distributed by: