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Pharmaceutical and PBM
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DRUG COSTS TO RISE 12% IN 2006, EXPRESS SCRIPTS SAYS
Express Scripts (St. Louis) said in its ninth annual Drug Trend Report that drug costs are projected to rise 12% in 2006 among organizations that don’t work to increase generic use through programs such as tiered copays, step-therapy, or consumer-directed benefit designs.
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SC TO RENEW PBM CONTRACT WITH MEDCO
Medco Health Solutions (Franklin Lakes, NJ) said it expects to win a three-year extension to provide pharmacy benefit management services to the state of South Carolina’s 356,000 employees, retirees and dependents. Annual drug spend is $388 million.
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MCOs PART D SHARE TO MIRROR MEDICAL, MERCURIO SAYS
Managed care organizations will grab the bulk of the Medicare Part D market, with the share levels likely to mirror their penetration in the medical market, according to Carl Mercurio, president and publisher of Corporate Research Group Inc. (New Rochelle, NY).
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WALGREENS SEES OPPORTUNITY IN MEDICARE PART D
“We’ve done a very poor job with cash customers. We’ve basically kicked them out of our stores and given them to Wal-Mart and Costco,” said George Flaherty, vice president of managed care services for Walgreens Health Services, a unit of Walgreen Co. (Deerfield, IL).
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AT PART D FORUM: OPTIMISM, CHALLENGES
Healthcare organizations presenting at the first annual Medicare Drug Benefit Forum, June 16, 2005, at the Hilton New York, were optimistic about the opportunities afforded by the Part D legislation; however, most speakers remained cautious and realistic about the challenges to success.
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