National Community Pharmacists Association Applauds CMS Guidance Eliminating PBM Spread Pricing Games in Medicaid
The
"For years, community pharmacists have said that PBMs have been playing spread pricing games, contributing to higher drug costs to the detriment of states they are supposed to serve. We applaud the
About Medicaid managed care:
Medicaid managed care differs from traditional fee-for-service Medicaid, in which the state pays doctors and hospitals for each service provided and reimburses pharmacies for both ingredient costs of a medication plus a dispensing fee.
Under Medicaid managed care, the state contracts with managed care organizations to provide medical care and prescription drug coverage for a fixed annual fee per patient. Under managed care, the pharmacy benefit managers contracted to the managed care organization are not required to reimburse pharmacies under the same standard as federal guidelines stipulate for fee-for-service Medicaid. The result is that in managed care, pharmacies are often under-reimbursed for both ingredient costs and their actual costs to dispense a medication.
Recent studies of Medicaid managed care programs in
Founded in 1898, the
How much was pilot error a factor in the Boeing 737 MAX crashes?
20-50-100 Years Ago — May 16
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