WASHINGTON, June 8, 2016 /PRNewswire-USNewswire/ -- New York state legislation (S.2530 and A.6194) that creates a special
Similar legislation (S.7595-a/A.10290-a/S.7591-b and S.7591-c/A.10293) also being considered in New York would undermine patient safety and make it more difficult for employers, unions, and other health plans to offer home delivery of traditional and specialty medicines.
"The legislation in New York would grant drugstores a 'free pass' to evade safety and performance standards," said PCMA President and CEO Mark Merritt. "It's wrong to make employers contract with drugstores that may not be qualified to provide complex specialty medicines."
Specialty pharmacies administer complex biologic medicines, many of which are infused intravenously. They also reduce medication errors, manage and prevent side effects, and promote more affordable alternatives. New York physicians who prescribe specialty medications are highly satisfied with specialty pharmacies and do not think most drugstores have the "expertise and capability" to provide specialty medications to patients, according to a recent survey.
Major findings from the Visante study on the legislation: (click here to read the study)
A report by the National Center for Policy Analysis (NCPA) notes that state policymakers should avoid undermining specialty pharmacies' expertise in dispensing costly specialty medications. The NCPA report states:
"Specialty drugs are very expensive, costing thousands to tens of thousands of dollars per month — creating a gold rush among firms vying to provide these lucrative services.
Well-managed, exclusive specialty pharmacy networks allow manufacturers to track drugs that require specific or complex dosing and laboratory monitoring. FDA monitoring requirements favor tightly controlled networks for safety reasons. Moreover, the Federal Trade Commission (FTC) agrees exclusive networks are an effective means of cost control. Regulations that inhibit drug plans from establishing highly efficient, preferred specialty networks also make it more difficult to ensure the integrity of these drugs."
A new white paper from PCMA notes that "specialty pharmacies must offer a full range of clinical and operational services to enhance the safety, quality, and affordability of care for patients receiving specialty medications."
PCMA is the national association representing America's pharmacy benefit managers (PBMs). PBMs administer prescription drug plans for more than 266 million Americans who have health insurance from a variety of sponsors including: commercial health plans, self-insured employer plans, union plans, Medicare Part D plans, the Federal Employees Health Benefits Program (FEHBP), state government employee plans, managed Medicaid plans, and others.
Follow PCMA on Twitter
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ny-legislation-grants-drugstores-a-free-pass-to-evade-patient-safety--performance-standards-300281765.html
SOURCE Pharmaceutical Care Management Association
Subscribe to our Free Newsletters!
Parotidectomy is a surgery to remove a part of or the entire parotid salivary gland, on the side of ...
Brugada syndrome is a rare genetic heart condition that affects the way electrical signals pass ...
Modified Atkins diet designed for weight loss and to treat seizures is high in fat and low in ...View All