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PCMA: NYT Article Highlights the Need to Explore Available Cost-Saving Options on Prescription Drugs

Posted on: Wednesday, 22 October 2008, 12:00 CDT

Today's New York Times piece ("Some Cut Back on Prescription Drugs in Sour Economy") highlights the need to choose generics, mail-service pharmacies, electronic prescribing (e-prescribing) and other proven pharmacy benefit management tools that provide savings on prescription medicines, the Pharmaceutical Care Management Association (PCMA) said today.

"Consumers should explore available prescription drug cost-saving options, including generics and mail-service pharmacies," said PCMA President and CEO Mark Merritt. "Patients can save even more if they find a doctor who uses e-prescribing, which shows when more affordable options are available."

The use of generics typically lowers costs from 30 to 80 percent. Mail-service pharmacies also provide increased savings and patient compliance.

PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 210 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D.

Source: Business Wire

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