Washington, D.C. (PRWEB) March 26, 2014
Legislation (HB 1001, HB 745, SB 1014 and SB 1354) being considered today by Florida lawmakers could increase prescription drug costs by more than $12 billion over the next 10 years for the state’s employers, seniors, unions, and consumers, the Pharmaceutical Care Management Association (PCMA) said today.
“This legislation would force employers and consumers to pay more for prescription drugs,” said PCMA President and CEO Mark Merritt. “Even worse, these bills would also make it harder to detect fraud, waste, and abuse at drugstores.”
The bills (HB 1001, HB 745, SB 1014 and SB 1354) that could increase prescription drug costs by more than $12 billion over 10 years include:
With the help of pharmacy benefit managers (PBMs), Florida consumers, employers, unions, and the state government will save $97.5 billion in prescription drug costs over the next decade. PBMs accomplish this by: