Navigation Links
New Report: Drugstore Networks Could Save Employers, Medicare, and Medicaid $115 Billion
Date:1/28/2013

harmacy access standards.
  • Medicaid: $26 billion
  • Medicare savings: $35 billion
  • Commercial sector savings: $54 billion
  • Total savings: $115 billion
  • Pharmacies as common as fast food restaurants. Today, there are more drugstores in the U.S. than McDonald's, Burger Kings, Pizza Huts, Wendy's, Taco Bells, Kentucky Fried Chickens, Domino's Pizzas, and Dunkin' Donuts combined, creating a highly competitive environment.
  • Three types of retail pharmacy networks include:

    • Open Pharmacy Network.  Plans create a broad network open to virtually all drugstores that agree to offer basic discounts to the plans. A plan's enrollees can use their prescription drug benefits at all network pharmacies for the same copay/cost share.  This is currently the most widely used type of retail pharmacy network.
    • Preferred Pharmacy Network.  Plans create a select group of preferred pharmacies within a broader network of non-preferred drugstores.  Preferred pharmacies offer plans better discounts than the non-preferred drugstores, and plans, in turn, lower copays/cost sharing for enrollees who choose them.  Use of preferred networks is growing and can lower prescription costs by an estimated 5%, compared to open networks, while meeting Medicare's pharmacy access standards nationally.
    • Limited Pharmacy Network. Plans create a network limited to drugstores that offer deep discounts.  Plan enrollees have the same copay at all pharmacies in the network.  Compared to open networks, limited networks can lower costs by up to 10% or more.

    Despite the growth and popularity of pharmacy networks, some public policies undermine their use in Medicaid, Medicare, and the commercial sector.

    • "Any Willing Pharmacy"
      '/>"/>

    SOURCE Pharmaceutical Care Management Association
    Copyright©2012 PR Newswire.
    All rights reserved

    Page: 1 2 3

    Related medicine technology :

    1. Pharma IQs Laboratory Informatics Report: Current Trends & Predictions for 2015
    2. Report: Independent Drugstores, Policymakers Face New Challenges
    3. Home Affairs Committees Drugs Report: Angelus Foundation Says the Prime Minister Should Not Have Rejected a Royal Commission
    4. China Nepstar Chain Drugstore Reports Second Quarter 2012 Financial Results
    5. China Nepstar Chain Drugstore to Report Third Quarter 2012 Financial Results on November 28, 2012
    6. Drugstore Lobby Poll of Seniors: Mail-Service Pharmacies Cost Less than Community Drugstores
    7. One Of Colorados Largest Physician Networks Signs Agreement To Join Colorado Health Information Exchange
    8. Skin Integrity Products (SIP): Effective Distribution Networks Are Key to Penetrating Western European Market, Says Frost & Sullivan
    9. Hearing Loss Could Lead to Multiple Chronic Diseases for Millions of Brits
    10. HIV Immunity Study Could Pave Way for Vaccine Development
    11. Back to School Ideas: Vaccines for Kids Could Hurt Rather Than Help Fight Disease
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:11/26/2014)... and NEW YORK ... As the leading distributor of market intelligence, ... new research report by IQ4I Research and Consultancy focusing ... To learn more about IQ4I Research visit: ... Active Pharmaceutical Ingredients Global Market – Forecast to ...
    (Date:11/26/2014)... , Nov. 25, 2014  Medtronic,s roughly ... has been widely discussed in the media for ... creating a stronger leading player in one of ... Information.  The healthcare market research firm said  the ... feature a diverse set of solutions spanning inpatient ...
    (Date:11/26/2014)... 2014  Breckenridge Pharmaceutical, Inc. announced today that ... with Pii (Pharmaceutics International, Inc.) ( Hunt ... Pii expect to develop and commercialize several new ... will develop, manufacture and supply the products, and ... its own label.  The drugs, comprised of four ...
    Breaking Medicine Technology:MarketResearch.com: Active Pharmaceutical Ingredient Market to Reach $175 Billion by 2020 Says IQ4I Report 2MarketResearch.com: Active Pharmaceutical Ingredient Market to Reach $175 Billion by 2020 Says IQ4I Report 3Medtronic - Covidien: Beyond Taxes, Deal Will Create Patient Monitoring Power, according to Kalorama Information 2Medtronic - Covidien: Beyond Taxes, Deal Will Create Patient Monitoring Power, according to Kalorama Information 3Breckenridge Pharmaceutical signs Multi-Product Generic Agreement with Pharmaceutics International, Inc. 2
    ... 16 Announced on November 06, 2009 by Mr. Mark ... and the Board of MEGGLE Group of Wasserburg, Germany, represented ... Christian Sedlatschek, CFO, the companies are entering a long-term partnership ... , DAVISCO Foods is an international cheese and food ingredient ...
    ... INDIANAPOLIS, Nov. 16 AMD LASERS, the world leader ... the addition of Bart Waclawik as Chief Operating Officer. ... responsible for daily global operations, procurement, production, quality assurance, ... will lead the engineering effort on the next-generation of ...
    Cached Medicine Technology:DAVISCO Foods International, Inc. and MEGGLE Group Announce a Joint Venture for the Production of Pharmaceutical Lactose. 2AMD LASERS Announces the Addition of Bart Waclawik, New Chief Operating Officer 2
    (Date:11/26/2014)... Angeles, CA (PRWEB) November 26, 2014 ... Angeles orthopedic surgeon Dr. Steven Meier has enhanced ... to offer current and prospective patients an online destination ... “We’re really excited to present the new and improved ... added features make it easier than ever for current ...
    (Date:11/26/2014)... Santa Rosa, California (PRWEB) November 26, 2014 ... be making never before seen reductions in prices of ... and Liposomal Vitamin D3 . Discounts ... only. , GI for Life’s proprietary ColoVite ... leading board-certified gastroenterologists to promote colon health. One easy-to-take ...
    (Date:11/26/2014)... 2014 Sonru, the video interviewing specialist, ... Operating Officer and Chief Marketing Officer, in addition to ... , Jeff Jones has been appointed as Chief Operating ... the role of Chief Marketing Officer. , Mr Jones ... 25-year career includes senior roles with The Walt Disney ...
    (Date:11/26/2014)... Arlington, VA (PRWEB) November 26, 2014 ... foster greater effectiveness in containing and stopping Ebola, ... long-term stability in healthcare systems in West Africa. ... Care Systems to Stop Ebola: Anthropologists Offer Insights,” ... held by the American Anthropological Association (AAA), Fri., ...
    (Date:11/26/2014)... Medical suction and vacuum products have ... This score represents steady growth in the price of ... as a result of swelling demand for healthcare services ... largely considered nondiscretionary. IBISWorld market research analyst, Anna Son, ... degree of flexibility, given the low level of price ...
    Breaking Medicine News(10 mins):Health News:Los Angeles Orthopedic Surgeon Dr. Steven Meier Announces Relaunch Of Practice Website 2Health News:GI For Life Slashes Prices by 40% on Liposomal Vitamin D3 and ColoVite Colon Health Formula for a Limited Time 2Health News:Sonru Expansion continues with appointment of new executive team and opening of new London base 2Health News:Anthropologists Release Recommendations, Better Practices to Contain Ebola 2Health News:Anthropologists Release Recommendations, Better Practices to Contain Ebola 3Health News:Medical Suction & Vacuum Products Procurement Category Market Research Report from IBISWorld has Been Updated 2Health News:Medical Suction & Vacuum Products Procurement Category Market Research Report from IBISWorld has Been Updated 3Health News:Medical Suction & Vacuum Products Procurement Category Market Research Report from IBISWorld has Been Updated 4
    ... announced this afternoon that the Obama Administration would not proceed ... their private insurance to pay for the treatment of combat-related ... she and House Democrats hosted this afternoon in the Capitol ... with a standing ovation. Below are the Speaker,s remarks. ...
    ... MDS; NYSE: MDZ ), a leading provider of ... that shareholders approved the renewal of the Company,s Shareholder Rights ... Shareholders held March 12, 2009 in Toronto. , The principal ... who wishes to become the beneficial owner of 20% or ...
    ... BNVI ), a drug discovery and development company ... today announced that Isaac Cohen, Chairman and CEO of Bionovo, ... Annual Institutional Investor Conference at 9:50 a.m. EDT on March ... University Club in New York City.Analysts and portfolio managers can ...
    ... a child dependent on technology is a daunting task. Much ... everyone in the family adjust. However, mothers often need help ... these children, a research study from Case Western Reserve University ... one mother told Valerie Toly, PhD, R.N., C.P.N.P., an Instructor ...
    ... ICW celebrates its opening in Canada , with ... of the Center for Health Transformation and Former U.S. ... Chair of TD Bank Financial Group and Former New ... InterComponentWare AG (ICW), will celebrate the launch of ICW,s ...
    ... Johnson formalize a partnership to prevent the spread of ... Petersburg, Russia.WASHINGTON, March 18 /PRNewswire-USNewswire/ -- ... prevent the spread of HIV and increase access to ... vulnerable youth in St. Petersburg, Russia was announced by ...
    Cached Medicine News:Health News:Pelosi: Administration Will Not Force Veterans to Use Private Insurance to Pay for Treatment of Combat-Related Injuries 2Health News:MDS Announces Renewal of Company's Shareholders Rights Plan 2Health News:Bionovo to Present at Wall Street Analyst Forum's 20th Annual Institutional Investor Conference 2Health News:Bionovo to Present at Wall Street Analyst Forum's 20th Annual Institutional Investor Conference 3Health News:Bionovo to Present at Wall Street Analyst Forum's 20th Annual Institutional Investor Conference 4Health News:Mothers have key role in family life for children with technology dependencies 2Health News:Gingrich and McKenna to Speak on Transformation of Healthcare Delivery at ICW Launch 2Health News:Partnership to Prevent HIV Among Vulnerable Russian Youth 2Health News:Partnership to Prevent HIV Among Vulnerable Russian Youth 3
    ... The new PARI TREK™ Compact Compressor is ... their aerosol treatments anywhere and everywhere. The ... Three versatile power source optionsworldwide AC compatibility ... rechargeable battery, permit patients the freedom to ...
    ... Compressed Air., ,Allied Healthcares Timeter® PCS 414 ... other air compressors that you may wonder if ... PCS 414 features a durable, mar-resistant steel case ... unit weighs only 26.5 pounds. The PCS 414 ...
    ... Graham-Field has been developing ... than 58 years. Our medical-surgical ... reputation for innovation, quality and ... brands include the Labtron® line ...
    ... The 50 psi MaxiCompressor, ... designed to run 24 hours ... week. It features a tamper-proof ... against unintentional increases or decreases ...
    Medicine Products: