PCMA CEO JC Scott: Rebates reduce prices, premiums in Medicare, Medicaid | Industry knowledge positioned PCMA's president for his new role | PCMA: Drugstores have purchasing options for cutting costs
January 11, 2019
PCMA SmartBrief
News for the PBM Industry
Featured Story
PCMA CEO JC Scott: Rebates reduce prices, premiums in Medicare, Medicaid
Pharmaceutical Care Management Association President and CEO JC Scott said drugmaker rebates negotiated by pharmacy benefit managers offset high prices and stabilize premiums for Medicaid and Medicare beneficiaries. Proposals to restrict negotiated price concessions "would enrich drugmakers at the expense of patients, who'd face higher premiums and out-of-pocket costs. ... [And] would do nothing to reduce drug prices," Scott said.
The Wall Street Journal (tiered subscription model) (1/10) 
LinkedIn Twitter Facebook Email
Other News
Legislative & Regulatory News
PCMA: Drugstores have purchasing options for cutting costs
Community pharmacies that are not recouping drug costs should find a new pharmacy services administration organization, says Pharmaceutical Care Management Association Senior Director of State Affairs Scott Woods. PCMA spokesman Greg Lopes said, "PBMs' job is to reduce the cost of prescriptions for their clients and the consumer as well increase access to medications."
The Calvert Recorder (Prince Frederick, Md.) (1/10) 
LinkedIn Twitter Facebook Email
Lawmakers unveil bill to curb drug prices
Sen. Bernie Sanders, I-Vt., and Rep. Elijah Cummings, D-Md., introduced legislation consisting of three measures intended to lower US drug prices. The bill would tie US drug prices to the median price from Japan, Canada, France, Britain and Germany; permit HHS to negotiate prices in Medicare Part D; and allow Americans to purchase cheaper drugs from Canada and other countries.
Reuters (1/10) 
LinkedIn Twitter Facebook Email
But life is short and truth works far and lives long: let us speak the truth.
Arthur Schopenhauer,
LinkedIn Twitter Facebook Email
Learn more about PCMA:
Upcoming PCMA Events | PCMA Newsroom
Become a PCMA Affiliate
About PCMA
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
Sign Up
SmartBrief offers 200+ newsletters
Subscriber Tools:
Contact Us:
Editor  -  Melissa Turner
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information