Latest News and Articles
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PRESS RELEASES
PBM Auditing Increases as Prescription Drug Costs Rise, but Critics Allege That PBMs Are Foiling Audits - Please click here for Drug Benefit News Article
PHARMACY OUTCOMES SPECIALISTS AND MIDWEST BUSINESS GROUP ON HEALTH FORM THE PHARMACY BENEFITS ACADEMY TO BE HELD ON SEPTEMBER 11 AND 12, 2008
SLOWEST GROWTH RATE ON PRESCRIPTIONS IN 47 YEARS. Please see attached article. If you PBM is touting better control on spending for 2007, it may just be a slow down in the growth of prescription drugs nationally. POS has observed the same slow growth rates for the clients we monitor - in particular observing a decrease in trend across the board for generic products from 2006 to 2007. Many brand drugs lost their patent protection in 2006 but did not get on MAC lists until 2007. That created high cost generics in 2006 and lower cost generics in 2007, which was a natural market phenomenon as opposed to aggressive MAC lists from the PBM industry. For more information, please contact us at 847-540-9590 x 102.
SXC ACQUIRES NMHC - Please see the attached Press Release regarding the acquisition of NMHC by SXC. We urge all of our existing audit clients, particularly our UFCW Locals, to complete outstanding audit findings with NMHC as soon as possible. For our SXC clients, please note the expansion of SXC and we hope that service will not be disrupted during the acquisition process. All NMHC and SXC clients should review their contracts with their PBMs and now would be a good time to renegotiate any terms that are not favorable. Please call me if you have any questions....Susan Hayes at 847 540 9590.
NEW YORK TIMES PUBLISHES ARTICLE ON SPECIALTY DRUGS AND PBM INDUSTRY- Please see the attached information on the relationship between PBMs and Specialty Drug Distributors.
Looking for the latest in information? The following are good sources of news about the pharmacy benefits industry:
Government Information
- www.fda.org - approved FDA drugs and over-the-counter medications, FDA drug recalls, drug and alcohol addiction, clinical trials, medical alert devices, quitting the smoking habit and FDA regulatory compliance.
- www.cms.gov - everything you wanted to know about Medicare Part D
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Attorneys Specializing in Pharmacy Law
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