|Legislative & Regulatory News
House lawmakers pledge support for repealing SGR
Members of the House Energy and Commerce Health Subcommittee indicated at a hearing this week that they want to pass a bill to repeal the sustainable growth rate formula for Medicare physician reimbursement, but most want to do so in such a way that it would pay for itself. Former Office of Management and Budget Director Alice Rivlin suggested four ways to offset the $140 billion cost, including incentives for physicians to join accountable care organizations, means-testing of Medicare premiums and the use of competitive bidding. MedPage Today (free registration)
Pa. officials bring down prescription forgery ring
Authorities have brought down a prescription forgery ring with the arrest of 22 people, including suspected ringleader Kevin Andrews of Delaware County, Pa., and Quiana Bostick, a Philadelphia pharmacy employee who allegedly helped forge prescriptions. The Philadelphia-based ring operated in 44 counties and generated about $1.7 million in profits from over 59,000 oxycodone pills obtained using fraudulent prescriptions and stolen doctors' information, according to the state attorney general. The Mercury (Pottstown, Pa.)
PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 216 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D. PCMA is dedicated to enhancing the proven tools and techniques pioneered by PBMs that generate savings and access for consumers and payors.
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