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April 9, 2012
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News for the PBM Industry

  Legislative & Regulatory News 
  • CMS mandate can result in wasted medication, survey finds
    An Institute for Safe Medication Practices survey found that a CMS policy requiring hospital pharmacists to strictly follow the expiration date on labeling contributes to unnecessary medicine waste. Respondents pointed out that in some instances, updated, evidence-based compendia support extending shelf life. The institute hopes to meet with the CMS and FDA to discuss the survey results. American Medical News (free content) (4/5) LinkedInFacebookTwitterEmail this Story
  • HHS diverts money for PPACA implementation
    HHS has transferred about $200 million to the IRS from a $1 billion fund for implementing the PPACA and plans to divert another $300 million this year, according to a congressional aide. The IRS officially requested $8 million to implement the health care law next year. The Hill/Healthwatch blog (4/9) LinkedInFacebookTwitterEmail this Story
  PBM Industry News 
  • Other News
  Drug Industry Spotlight 
  • Senators press CMS to finalize sunshine law by June
    Sens. Herb Kohl, D-Wis., and Chuck Grassley, R-Iowa, wrote a letter to CMS Acting Administrator Marilyn Tavenner asking the agency to release its final rule on the Sunshine Act no later than June so partial collection of data can begin. The legislation mandates that payments made by drug and medical device firms to doctors and other health care providers be reported to the CMS. (Boston) (4/6) LinkedInFacebookTwitterEmail this Story
  • Doctors requesting e-Rx waivers still get fined
    Some doctors who asked for hardship waivers from the CMS e-prescribing incentive program did not receive exemptions due to a backlog in processing their requests. The American Medical Association urged the agency to re-examine its penalty schedule after the CMS imposed a 1% penalty on doctors who failed to prescribe electronically at least 10 times in the first half of 2011. American Medical News (free content) (4/9) LinkedInFacebookTwitterEmail this Story
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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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