Printer Friendly

NEW REPORT SHOWS PHARMACY PROPOSALS COULD REDUCE HEALTH CARE SPENDING BY MORE THAN $50 BILLION

 WASHINGTON, April 29 /PRNewswire/ -- The nation's health care bill can be reduced more than $50 billion by instituting a series of recommendations offered by the Community Retail Pharmacy Health Care Reform Coalition, according to an analysis released today by the Washington-based Policy Research Group.
 The Community Retail Pharmacy Health Care Reform Coalition is composed of NARD, the national association representing independent retail pharmacy and the National Association of Chain Drug Stores.
 Don Muse, who did the report for the Policy Research Group, said the coalition's proposals could generate a minimum of $52 billion in health care savings over the next five years.
 "The projected savings are highly conservative estimates based upon an economic model that has come within five percent of other CBO estimates over the last 18 months," said Muse, a former Congressional Budget Office (CBO) fiscal health care analyst.
 Muse said the bulk of the savings comes from capping the increase in prescription drug prices and implementing enhanced professional pharmacy services.
 "The results of this independent study vividly demonstrate that a level playing field in the pharmaceutical marketplace and policies that take advantage of cost-effective, professional pharmacy services have the potential to generate significant cost savings in health care," said NARD executive vice president Charles West.
 The coalition's four principles of health care reform are:
 -- include outpatient pharmacy services benefit;
 -- streamline redundant and nonstandardized layers of administration in third-party prescription drug programs;
 -- guarantee consumers free access to the pharmacy of their choice and community pharmacies free access to the marketplace to provide pharmacy services; and
 -- eliminate discriminatory pricing practices by manufacturers of prescription drugs.
 "Government policies that target drug manufacturers' discriminatory pricing policies and guarantee consumers the right to select the pharmacy of their choice allow an already competitive retail pharmacy marketplace to do what it does best -- provide high-quality, cost- effective pharmacy care," West said.
 The Community Retail Pharmacy Health Care Reform Coalition represents more than 60,000 pharmacies and over 112,000 community pharmacists who dispense more than 2 billion prescriptions annually. Coalition members employ more than 1 million people.
 -0- 4/29/93
 /CONTACT: Todd Dankmyer of NARD, 703-683-8200/


CO: NARD ST: District of Columbia IN: HEA SU:

KD-DC -- DC004 -- 2435 04/29/93 08:09 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 29, 1993
Words:372
Previous Article:AMERICA: GET READY, SET, MOVE! MAY 1 STARTS OFFICIAL MOVING SEASON; MAYFLOWER PREDICTS CONTINUED CALIFORNIA EXODUS
Next Article:DOWNEY SAVINGS ANNOUNCES FIRST QUARTER EARNINGS
Topics:


Related Articles
Disease management: linking clinical and pharmacy data.
Specialty Pharmacy Forum to Address How MCOs Can Manage Runaway Specialty Drug Costs.
Aetna, Priority Healthcare launch jointly owned Aetna branded specialty pharmacy.
Medco Health CEO: Specialty Rx Business Poised for Strong Growth in 2004.
Growth in Spending on Cancer Therapies Nearly Doubles on the Heels of New Oral Oncologics.
Medco Completes $2.3 Billion Acquisition of Accredo, Creates Largest Specialty/Biotech Pharmacy Operation.
Sleep Deprivation Driving Drug Use and Cost: New Research Finds Increased Use of Prescription Sleeping Aids.
Study Reveals $20 Billion in Untapped Generic Drug Savings.
New Report: Unmanaged, Diabetes Drug Costs Could Surge Nearly 70 Percent Within Three Years.
Medco CEO: Health IT Provides the Foundation for 'Real' Health Care Reform.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters