NCPA: Florida Could Save $2.1 Billion by Modernizing Medicaid Pharmacy Program

Posted on:14 Nov, 2013 Categories:Latest Updates

A new report by the National Center for Policy Analysis (NCPA) has found that Florida could save upwards of $2.1 billion by modernizing its Medicaid pharmacy program, including greater utilization

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ANALYSIS: Reforming Alabama’s Medicaid Drug Program

Posted on:12 Sep, 2013 Categories:Latest Updates

With Alabama moving forward with plans to move Medicaid enrollees into managed care plans, the National Center for Policy Analysis has issued this analysis of Alabama’s Medicaid Drug Program.   NCPA

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USA Today: ‘States Scramble to Drive Down Medicaid Drug Costs’

Posted on:13 Aug, 2013 Categories:Latest Updates

USA Today carries this story today about state’s struggles in keeping down rising Medicaid costs — especially in the area of prescription drugs:   “The increase in spending for Medicaid,

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PCMA President Mark Merritt Discusses Medicaid Pharmacy Savings on Bloomberg Government News

Posted on:1 Aug, 2013 Categories:Latest Updates

PCMA President Mark Merritt discussed Medicaid pharmacy savings in a recent interview with Bloomberg Government News. Following is an excerpt from that interview:   We’re at the real front end

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U.S. National Medicaid Savings Snapshots

$23.5 Billion

Saved by increasing the use of generic drugs.

   

$12.5 Billion

Saved by negotiating market-based dispensing fees.

   

$33.4 Billion

Saved by using limited pharmacy networks.

   

$2.7 Billion

Saved by encouraging the use of more affordable, preferred brands.

   

$2.3 Billion

Saved by reducing drug diversion, polypharmacy, fraud and waste.

   

About Us

The Pharmaceutical Care Management Association (PCMA) is the national association representing America’s pharmacy benefit managers (PBMs) PBMs administer prescription drug plans for more than 216 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D.

 

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