PCMA Launches New Effort on How PBMs Protect Consumers and Payers from High Drug Costs

WASHINGTON, Jan. 11, 2017 /PRNewswire-USNewswire/ -- As the new Administration and Congress explore ways to improve the health care system, the Pharmaceutical Care Management Association (PCMA) is launching a new campaign highlighting how pharmacy benefit managers (PBMs) reduce prescription drug costs and protect consumers, employers, and government programs from high drug prices.

The campaign's website—DrugBenefitSolutions.com—is a new platform explaining how PBMs reduce costs and how greater reliance on competition and PBM tools generate significant savings for public and private programs.

"Prescription drug benefits are complicated and there's great interest in understanding how drug pricing really works. DrugBenefitSolutions.com is an important new resource for those who want to learn more," said PCMA President and CEO Mark Merritt. 

PCMA is the national association representing America's pharmacy benefit managers (PBMs). PBMs administer prescription drug plans for more than 266 million Americans who have health insurance from a variety of sponsors including: commercial health plans, self-insured employer plans, union plans, Medicare Part D plans, the Federal Employees Health Benefits Program (FEHBP), state government employee plans, managed Medicaid plans, and others.

SOURCE Pharmaceutical Care Management Association

Related Links

https://www.pcmanet.org/