PCMA praises Obama administration’s 'passion for reducing costs'

WASHINGTON An organization representing the country’s pharmacy benefit managers heralded comments made recently by the Obama administration.

The Pharmacy Care Management Association said it shared the administration’s “passion for reducing costs” for prescription drugs and Medicare, and praised the American Recovery and Reinvestment Act, which offers incentives to physicians for adopting e-prescribing.

“For our part, pharmacy benefit managers have reduced Medicare Part D costs by 30% below government projections by encouraging more generic utilization, using more affordable delivery vehicles, such as home delivery, negotiating competitive discounts with retail pharmacies and using tools like e-prescribing to cut waste and inform doctors and patients when safer, more affordable options are available,” the PCMA stated.