Top PBMs reap Part D windfall, group charges
Since the launch of Medicare Part D, the top three PBMs have postedrecord earnings, according to the Association of CommunityPharmacists Congressional Network. At a time when Part Dreimbursements to pharmacies are slow and low, ACP*CN noted thatMedco alone generated $650 million in new Medicare sales for thefirst quarter and that Part D allows PBMs to keep any drug companyrebates instead of passing the savings on to seniors.
Top PBMs reap Part D windfall, group charges
Since the launch of Medicare Part D, the top three PBMs have posted record earnings, according to the Association of Community Pharmacists Congressional Network. At a time when Part D reimbursements to pharmacies are slow and low, ACP*CN noted that Medco alone generated $650 million in new Medicare sales for the first quarter and that Part D allows PBMs to keep any drug company rebates instead of passing the savings on to seniors. Speaking on behalf of its PBM members, PCMA countered that Part D is working as Congress and the Bush Administration intended by saving seniors money.
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