News Archive for 11/2007
November Drug News
Here is what’s happening in the news regarding drugs.
Time to review your Medicare Part-D Plan?
Open enrollment for 2008 Medicare Part D Prescription Drug Plans (PDP) starts November 15th, 2007 and ends December 31st, 2007. Current enrollees can change plans during this time. Others may enroll at any time. Anyone eligible for subsidies may enroll anytime and switch once a month.
Trumm Drug DOES Express Scripts
Express Scripts is a Pharmacy Benefits Manager (PBM) that processes the claims for various health insurances like Preferred One. These PBMs contract with pharmacies to provide prescriptions to the health insurances they represent. Congress believes the contracting process is negotiated between the 2 entities. In practice it is a take it or leave it process. When Trumm Drug tried to negotiate the contract we were told that, “it is non-negotiable.” Being non-negotiable on a contract that is not acceptable to Trumm Drug puts us in a position of accepting and hoping that it somehow works out or not accepting and loosing valuable customers that need to go to a provider that will contract with the PBM. We have decided to sign the contract with Express Scripts, which …