PCMA Launches New Print Ad Campaign Highlighting Costs Associated with the Independent Drugstore Lobby’s Agenda
December 6, 2007
Other Medicare Providers ‘Stuck with the Check’ for Expensive $10 Billion Agenda
(Washington, DC)— As part of its campaign to highlight the costs associated with the independent drugstore lobby’s agenda, the Pharmaceutical Care Management Association (PCMA) has unveiled a new print advertisement that features a waiter asking: “So, Who Gets Stuck With The Check?”
The ad highlights how “prompt pay” mandates in Medicare and sweeping antitrust exemptions demanded by the independent drugstore lobby could cost Medicare and its beneficiaries nearly $10 billion. In a pay-go world, the independent drugstore lobby’s expensive agenda leaves rural providers, Medicare Advantage plans, Skilled Nursing Facilities, and others to pick up the tab.
According to a new study from PricewaterhouseCoopers (PwC), legislation that would make Medicare prescription drug plans (PDPs) pay drugstores twice as fast as Medicare pays other providers could cost the program and its beneficiaries at least $3.1 billion over the next decade. Costs to the Medicare Part D program and its beneficiaries could increase by $6.4 billion over five years as a result of sweeping antitrust exemptions for independent pharmacists, according to a study earlier this year from CRA International.
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.
Charles Cote’ 202-207-3605