National Senior Advocacy Group Seeks Halt to Mega-PBM Merger
RetireSafe Disappointed In FTC Ruling; Encourages States To File Suit
WASHINGTON, April 3, 2012 /PRNewswire-USNewswire/ — RetireSafe, a 400,000-supporter strong grassroots organization that advocates and educates on behalf of America’s seniors on issues regarding Social Security, Medicare, health and financial well-being, today expressed strong disappointment in the Federal Trade Commission’s decision to allow the merger between Express Scripts, Inc. (ESI) and Medco Health Solutions to move forward. The organization said it is still concerned about the impact of the merger on seniors and has urged attorneys general to help.
“We continue to oppose the mega-PBM merger between Express Scripts and Medco because it runs completely counter to our belief in personal freedom, our opposition to government encroachment on personal choices involving health care, and our opposition to monopolies that limit seniors’ options,” said Thair Phillips, President of RetireSafe. “Now the focus shifts to the courts and we are encouraging several state attorneys general to take appropriate legal action to stop the merger.”
A combined ESI/Medco will have an unprecedented level of market share–covering more than 100 million Americans–giving the new company the ability to push out competition from the community and chain drugstores throughout the country. RetireSafe says this is especially concerning for seniors that often experience declining health as they grow older and may depend on multiple prescription medications to treat their health conditions.
“Access to quality health care should not be a worry that Americans are forced to face as they grow older,” Phillips continued. “An ESI/Medco merger has the potential to seriously limit how and where patients can fill their prescriptions by steering them toward the company’s own mail-order services – denying seniors access to the pharmacists they know and trust. Since the FTC has said it won’t stop this merger, we are now looking to the states for help to protect older Americans,” he concluded.
RetireSafe has sent letters to the attorneys general of California, New York, Pennsylvania, Ohio and Texas, thanking them and encouraging them to continue in their strong stance for consumer freedom.
RetireSafe is a nonprofit, nonpartisan grassroots senior advocacy organization based in Washington, DC.
Contact: Thair Phillips, +1-703-901-9706, email@example.com
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