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February 22, 2013
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News for the PBM Industry

  Featured Story 
  • Study: Preferred pharmacy plans can save $115B over a decade
    More competitive pharmacy networks can save government and commercial payers $115 billion over a decade, a recent study found. Edward Lawrence writes that increased competition helps payers and "pharmacies nimble enough to reduce their costs so they can make competitive bids to join a narrow pharmacy network." RxObserver blog (2/20) 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 
  • Compounders back FDA regulation of certain operations
    The International Academy of Compounding Pharmacists will support a law subjecting compounding pharmacies that work like manufacturers to FDA oversight and regulations, the group's executive vice president said. The group previously asserted that compounding pharmacies should be overseen by state pharmacy boards. The Washington Post (2/21) LinkedInFacebookTwitterEmail this Story
  • Part D coverage gap: Seniors pay less, but threshold is lower
    Seniors will pay a smaller share of drug costs in the Medicare Part D coverage gap next year, but the spending threshold will be lower, affecting the 19% of seniors whose drug spending reaches $2,850, CMS officials say. The Affordable Care Act gradually closes the coverage gap, but the formula for determining the threshold is based on overall drug spending, which is down due in part to higher generic drug utilization. Reuters (2/21) LinkedInFacebookTwitterEmail this Story
  • E-prescribing curbs drug errors, but adoption remains modest
    Electronic prescribing helped prevent 17.4 million drug mistakes in one year, and wider adoption of the practice could eliminate more than 50 million errors annually, according to a study in the Journal of the American Medical Informatics Association. However, e-prescribing adoption remains modest despite its apparent efficacy, researchers said. HealthDay News (2/21) LinkedInFacebookTwitterEmail this Story
  Drug Industry Spotlight 
  • Drugmaker defends pay-for-delay in Supreme Court brief
    Patent settlements in which brand-name drugmakers strike a deal to keep generic competition off the market provide consumers with generic options sooner than would be the case if lawsuits were fought to the end, Actavis lawyers argued in a brief to the Supreme Court. The Federal Trade Commission is suing Actavis for antitrust law violations in a patent settlement case. The FTC and the Congressional Budget Office have found that such "pay-for-delay" deals cost taxpayers billions of dollars. Politico Pro (subscription required) (2/21) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
You can do anything in this world if you are prepared to take the consequences."
--W. Somerset Maugham,
British writer


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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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