WASHINGTON, Sept. 20, 2016 /PRNewswire-USNewswire/ -- A new report, "Comparison of Hepatitis C Treatment Costs,"shows Hepatitis C drug prices, specifically negotiated by pharmacy benefit managers (PBMs) in Medicare Part D in 2015, were typically lower than prices in Europe and Japan.
"According to this comparison, conventional wisdom has underestimated the ability of large, sophisticated, private-sector payers to reduce costs and improve access to high cost drugs," said PCMA President and CEO Mark Merritt.
The proportion of infected people who receive Hepatitis C treatment in Part D was in-line with the average treatment rate for other countries examined in the study. But unlike Part D, both drug prices and access to treatments have been determined through government mechanisms in other countries.
Key facts in the new study include:
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-study-negotiated-hepatitis-c-prescription-drug-costs-in-united-states-often-lower-than-in-price-controlled-european-countries-and-japan-300330992.html
SOURCE Pharmaceutical Care Management Association
Subscribe to our Free Newsletters!
Summer is a time for fun but the hot weather brings with it a host of diseases. With some health ...
Bacterial infection that causes inflammation of the membranes of the brain, is called bacterial ...
Liver disease that ends in liver failure (end stage liver disease), disrupting several important ...View All