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March 5, 2013
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News for the PBM Industry

  Featured Stories 
  • GAO report contradicts drugstore lobby's rhetoric
    The National Community Pharmacists Association says its members have neither the scale nor clout to negotiate with payers and thus need antitrust exemptions, but a Government Accountability Office report shows otherwise. Pharmacy services administrative organizations give independent pharmacies muscle to negotiate drug prices, according to the GAO. RxObserver blog (3/4) LinkedInFacebookTwitterEmail this Story
  • Report: Generic drugs lowered 2012 spending on common conditions
    Spending on common chronic conditions such as high cholesterol and hypertension dropped last year for the first time since record keeping began due to higher utilization of generic drugs, an Express Scripts study found. Overall spending on prescription drugs rose 2.7%, driven by an 18.4% increase in spending on treatments for rheumatoid arthritis, cancer and hepatitis C and other specialty drugs, the study found. Reuters (3/5), Bloomberg (3/5) LinkedInFacebookTwitterEmail this Story
 Registration is now open for PCMA's Specialty Pharmacy Business Forum!
The SPBF provides individuals and companies in the specialty pharmacy chain of commerce with exceptional educational and business networking opportunities. A unique aspect of the conference is "PCMA-Connect," an online networking community that will give attendees the opportunity to search for, connect, and coordinate meetings with existing and potential business customers and partners.

  Legislative & Regulatory News 
  • Obama, Congress discuss Social Security, Medicare cuts
    President Barack Obama's negotiations with Republicans and Democrats include talk of cuts to Social Security and Medicare, National Economic Council Director Gene Sperling said. "He's reaching out to Democrats who understand we have to make serious progress on long-term entitlement reform, and Republicans who realize that if we had that type of entitlement reform, they'd be willing to have tax reform that raises revenues to lower the deficit," Sperling said. The House is set to decide on a spending bill Thursday to avoid a March 27 government shutdown. United Press International (3/4) LinkedInFacebookTwitterEmail this Story
  • Fla. House committee rejects Medicaid expansion
    A key Florida House legislative committee voted against extending Medicaid coverage to 900,000 people, arguing that the plan would threaten care for seniors and increase the federal deficit. "We simply cannot count on the federal government to pay 100% of the cost for expansion," House Speaker Will Weatherford, a Republican, said. The Miami Herald (free registration) (3/4) LinkedInFacebookTwitterEmail this Story
  Drug Industry Spotlight 
Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus."
--Alexander Graham Bell,
Scottish-born American inventor


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Charles Cote
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(202) 207-3610

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About PCMA
PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 210 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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