Magazine article Drug Topics

Nearly 500 Pharmacies Endorse Drug-Dispensing Bill

Magazine article Drug Topics

Nearly 500 Pharmacies Endorse Drug-Dispensing Bill

Article excerpt

More than 480 pharmacies endorsed the Medicare Efficient Drug Dispensing Act (S.B. 1493) in a letter sent to its sponsor.

The bill, introduced by Sen. Ben Cardin (D-MD), seeks to preserve the $5.7 billion in budget savings estimated to result from the short-cyde dispensing policy enacted in 2010. The goals of the short-cyde policy are endangered by new reimbursement rules adopted by two of the largest prescription drug plan sponsors (PDPs), which control nearly two-thirds of the market, an announcement from Senior Care Pharmacy Alliance stated. The PDPs switched from paying pharmades a flat, professional fee every time they fill an Rx to a professional fee tied to the number of days' supply of medication the pharmacy dispenses, SCPA said.

"This breadth of support demonstrates the negative impact this change has had on LTC pharmades, and the need for Senator Carding bill. Pharmades across the country had been aggressively investing in new technologies to increase effidendes ... but this change in policy has pharmades holding off on those significant financial investments" said Larry Galluzzo, president of Skilled Care Pharmacy in Mason, Ohio. …

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