Medicaid could save $51.1 billion over the next 10 years by using pharmacy benefit manager tools, according to a Pharmaceutical Care Management Association-sponsored report by The Menges Group. "There is a real budgetary opportunity for federal and state policymakers to reduce costs while making Medicaid benefits more robust and sustainable," said PCMA President and CEO Mark Merritt.
State Medicaid budgets are projected to increase by 4.4% as rules requiring states to begin picking up 5% of the cost of expanding the program begin taking effect, according to the Kaiser Family Foundation's annual Medicaid budget survey.
Pfizer's offer to donate 1 million doses of pneumonia vaccine would undermine long-term efforts to increase access to immunization, and the company should lower its prices instead, according to Doctors Without Borders.
PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 266 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.
Contact PCMA Charles Cote
Vice President, Strategic Communications