Content about Medicare

August 10, 2012

BioScrip on Wednesday posted $155.9 million in second-quarter revenue, up 18.5% compared with the prior year.

ELMSFORD, N.Y. — BioScrip on Wednesday posted $155.9 million in second-quarter revenue, up 18.5% compared with the prior year.

"The second-quarter results demonstrate our progress in executing on our strategic plan," BioScrip president and CEO Rick Smith said. "We were able to close on the divestiture of the noncore pharmacy services assets and redeploy a portion of the proceeds towards the acquisition of InfuScience, while delivering sequential improvement on our adjusted EBITDA."

August 6, 2012

A cool trillion dollars. That’s what the generic industry said U.S. patients and public and private health plan payers have saved over the last decade by switching from branded to generic prescription drugs at pharmacy counters.

A cool trillion dollars. That’s what the generic industry said U.S. patients and public and private health plan payers have saved over the last decade by switching from branded to generic prescription drugs at pharmacy counters.

Looked at another way, the Generic Pharmaceutical Association trumpeted in a study released last Thursday that me-too medicines saved a half-billion dollars a day between 2002 and 2011.

August 6, 2012

Walgreens is looking to make getting a flu shot as easy as walking into any Walgreens, Duane Reade and Take Care Clinic by offering flu shots without an appointment.

DEERFIELD, Ill. — Walgreens is looking to make getting a flu shot as easy as walking into any Walgreens, Duane Reade and Take Care Clinic by offering flu shots without an appointment.

July 23, 2012

The Centers for Medicare and Medicaid Services on Monday hosted a public meeting to entertain a controversial payment adjustment — called "inherent reasonableness" — in reimbursing for non-mail-order diabetes supplies.

ALEXANDRIA, Va. — The Centers for Medicare and Medicaid Services on Monday hosted a public meeting to entertain a controversial payment adjustment — called "inherent reasonableness" — in reimbursing for non-mail-order diabetes supplies.

July 17, 2012

Health reform will stand. So what’s next for the pharmacy technician?

Health reform will stand. So what’s next for the pharmacy technician?

June 28, 2012

The Supreme Court on Thursday identified the Patient Protection and Affordable Care Act as a tax, which means the constitutionality of the healthcare-reform package cannot be addressed until after that tax is assessed.

WASHINGTON — The Supreme Court on Thursday morning identified the Patient Protection and Affordable Care Act as a tax, which means the constitutionality of the healthcare-reform package cannot be addressed until after that tax is assessed.

The court did rule the health insurance mandate, a key part of the Affordable Care Act, as unconstitutional; however, the government will continue to be able to tax people for not having health insurance.

June 25, 2012

You want Rite Aid to win. A Rite Aid win represents a proof of concept — that concept being the creation of an effective market-driven loyalty program that incorporates savings on the healthcare services that actually works and in fact cross-pollinates pharmacy patients and front-end shoppers; that concept being that generic waves need not wash out all pharmacy sales volume if a pharmacy retailer can successfully grow ancillary healthcare services, such as immunizations or Rite Aid's new Rite Care Prescription Advisor; that concept being that there is in fact a return on investment from placing a knowledgeable team member armed with a tablet of health information physically in the aisles to proactively engage patients.

WHAT IT MEANS AND WHY IT'S IMPORTANT — You want Rite Aid to win.

June 13, 2012

The National Rural Health Association on Wednesday sent a letter to U.S. Rep. Cathy McMorris Rodgers, R-Wash., strongly supporting the bill she introduced in March — H.R. 4215, the Medicare Pharmacy Transparency and Fair Auditing Act.

ALEXANDRIA, Va. — The National Rural Health Association on Wednesday sent a letter to U.S. Rep. Cathy McMorris Rodgers, R-Wash., strongly supporting the bill she introduced in March — H.R. 4215, the Medicare Pharmacy Transparency and Fair Auditing Act. The bill helps safeguard patient access to independent community pharmacists and addresses abusive pharmacy auditing practices, while allowing legitimate Medicare Part D anti-fraud oversight to continue.

June 1, 2012

The majority of consumers who would be eligible for new healthcare coverage under the Patient Protection and Affordable Care Act have never heard of the state-based healthcare exchanges — where they will have to shop for coverage beginning in 2014 — while more than half said they believe they will need help in understanding healthcare insurance terms and descriptions, and navigating the healthcare system, according to new research from CVS Caremark.

WOONSOCKET, R.I. — The majority of consumers who would be eligible for new healthcare coverage under the Patient Protection and Affordable Care Act have never heard of the state-based healthcare exchanges — where they will have to shop for coverage beginning in 2014 — while more than half said they believe they will need help in understanding healthcare insurance terms and descriptions, and navigating the healthcare system, according to new research from CVS Caremark.

June 1, 2012

The National Community Pharmacists Association on Friday identified three problematic regulations that inhibit job creation.

ALEXANDRIA, Va. — The National Community Pharmacists Association on Friday identified three problematic regulations that inhibit job creation.

The Medicare Part B diabetes testing supplies competitive bidding program threatens patient access to these medical necessities, the association noted, and the 340B Drug Discount program also represents a challenge to community pharmacy due to its loose eligibility criteria. Lastly, job creation can be inhibited by the fee-for-service Medicare enrollment/revalidation fees that many pharmacies have to pay twice.

June 1, 2012

So research indicates that the majority of consumers who would be eligible for new healthcare coverage under the Patient Protection and Affordable Care Act have never heard of the state-based healthcare exchanges, and many believe they will need help in understanding healthcare insurance terms and descriptions. Really? Of course! That's because it's confusing!

WHAT IT MEANS AND WHY IT'S IMPORTANT — So research indicates that the majority of consumers who would be eligible for new healthcare coverage under the Patient Protection and Affordable Care Act have never heard of the state-based healthcare exchanges, and many believe they will need help in understanding healthcare insurance terms and descriptions. Really?

Of course! That's because it's confusing!

May 31, 2012

Walgreens-owned clinic operator Take Care Clinics now is offering three new diagnostic tests and administrative physicals — a move that also advances the Well at Walgreens strategy to enhance services as a community healthcare provider and transform to a health and daily living destination.

CONSHOHOCKEN, Pa. — Walgreens-owned clinic operator Take Care Clinics now is offering three new diagnostic tests and administrative physicals — a move that also advances the Well at Walgreens strategy to enhance services as a community healthcare provider and transform to a health and daily living destination.

The launch of these new services is based on input from patients, managed care organizations and healthcare providers on ways to help prevent the progression of disease and use the most appropriate point of care, the company said.

May 23, 2012

As part of the Patient Protection and Affordable Care Act passed last year under health reform, Medicare now offers preventive wellness visits to seniors enrolled in Medicare Part B and select Medicare Advantage plans. For eligible seniors, these wellness visits can prove to be an important step in preventive care; however, the rates of utilization are surprisingly low. That’s the bad news. The good news is that this represents an ideal opportunity for convenient care clinics.

As part of the Patient Protection and Affordable Care Act passed last year under health reform, Medicare now offers preventive wellness visits to seniors enrolled in Medicare Part B and select Medicare Advantage plans. For eligible seniors, these wellness visits can prove to be an important step in preventive care; however, the rates of utilization are surprisingly low. That’s the bad news. The good news is that this represents an ideal opportunity for convenient care clinics.

May 16, 2012

The Centers for Medicare and Medicaid Services earlier this month released a memo to all Part D sponsors, warning them that the agency has "observed an increase in beneficiary complaints related to the transfer of prescriptions from retail pharmacies to either mail-order or specialty pharmacy without their explicit consent."

BALTIMORE — The Centers for Medicare and Medicaid Services earlier this month released a memo to all Part D sponsors, warning them that the agency has "observed an increase in beneficiary complaints related to the transfer of prescriptions from retail pharmacies to either mail-order or specialty pharmacy without their explicit consent."

May 16, 2012

The National Association of Chain Drug Stores has emphasized the commitment of NACDS and the chain pharmacy industry to partner with policy-makers and others to improve quality and lower costs in the healthcare delivery system in a statement sent to the U.S. Senate Health, Education, Labor and Pensions Committee.

ALEXANDRIA, Va.  — The National Association of Chain Drug Stores has emphasized the commitment of NACDS and the chain pharmacy industry to partner with policy-makers and others to improve quality and lower costs in the healthcare delivery system in a statement sent to the U.S. Senate Health, Education, Labor and Pensions Committee, NACDS announced on Tuesday.

May 16, 2012

I am the 99%. And thank God for that. But it’s not what you think. This isn’t about radical politics and class warfare. I’m not looking to tax the 1%. I just want them to take better care of themselves. And I’m definitely not the only one. More and more, payers, insurers and big government are all looking at ways to get this group to live a little healthier. 


I am the 99%. And thank God for that. But it’s not what you think. This isn’t about radical politics and class warfare. I’m not looking to tax the 1%. I just want them to take better care of themselves. And I’m definitely not the only one. More and more, payers, insurers and big government are all looking at ways to get this group to live a little healthier. 


May 14, 2012

The Center for Medicare and Medicaid Services needs to beef up its oversight on Medicare Part D submissions from retail pharmacy, according to an Office of Inspector General report published last week.

WASHINGTON — The Center for Medicare and Medicaid Services needs to beef up its oversight on Medicare Part D submissions from retail pharmacy, according to an Office of Inspector General report published last week.

The OIG suggested CMS strengthen a MEDIC's ability to track pharmacy billing (MEDICs — Medicare Drug Integrity Contractors — are private organizations who are contracted by CMS to assist in anti-fraud and abuse efforts) and improve compliance plan audits, specifically targeting independent pharmacies and pharmacies in urban locales.

May 9, 2012

The National Association of Chain Drug Stores announced on Wednesday that it has submitted comments to the U.S. House Ways and Means Subcommittee on Health urging that retail pharmacies remain exempt from the Medicare durable medical equipment competitive bidding program.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores announced on Wednesday that it has submitted comments to the U.S. House Ways and Means Subcommittee on Health urging that retail pharmacies remain exempt from the Medicare durable medical equipment competitive bidding program. The subcommittee held a hearing regarding the program on Wednesday.

May 9, 2012

The National Community Pharmacists Association wrapped up its three-day NCPA Legislative Conference Wednesday with a rally, the association announced.

ALEXANDRIA, Va. — The National Community Pharmacists Association wrapped up its three-day NCPA Legislative Conference Wednesday with a rally, the association announced.

May 8, 2012

Community pharmacy operators are the "canary in the coal mine" when it comes to federal or state prescription programs, said Douglas Hoey, CEO for the National Community Pharmacists Association, during a press conference held Tuesday afternoon.

WASHINGTON — Community pharmacy operators are the "canary in the coal mine" when it comes to federal or state prescription programs, said Douglas Hoey, CEO for the National Community Pharmacists Association, during a press conference held Tuesday afternoon.

May 2, 2012

CVS Caremark announced on Wednesday that it is supporting Million Hearts during National High Blood Pressure Education Month in May through a number of patient-focused initiatives.

WOONSOCKET, R.I. — CVS Caremark announced on Wednesday that it is supporting Million Hearts during National High Blood Pressure Education Month in May through a number of patient-focused initiatives.

Launched by the Department of Health and Human Services and led by the Centers for Disease Control and Prevention and Centers for Medicare and Medicaid Services, Million Hearts is a national initiative to prevent 1 million heart attacks and strokes in the United States over the next five years.

April 24, 2012

Former President George W. Bush addressed attendees of the National Association of Chain Drug Stores' Annual meeting Tuesday morning, followed by a question-and-answer session with new NACDS chairman Greg Wasson.

PALM BEACH, Fla. — Former President George W. Bush addressed attendees of the National Association of Chain Drug Stores' Annual meeting here Tuesday morning, followed by a question-and-answer session with new NACDS chairman Greg Wasson.

April 21, 2012

Bob Loeffler, NACDS chairman and chief administrative officer of H-E-B, reflects on his time as chairman and shares his insights on the issues facing retail pharmacy today and tomorrow.

Bob Loeffler, NACDS chairman and chief administrative officer of H-E-B, reflects on his time as chairman and shares his insights on the issues facing retail pharmacy today and tomorrow.

DSN: Last year, you emphasized the “new normal,” which seemed to refer to the need to proactively position the benefits of retail pharmacy. How has the “new normal” played out?

April 19, 2012

The study's findings that the Part D coverage gap — or “doughnut hole” — led to a significant gap in the adherence of cardiovascular medications may not come as a complete surprise; however, it undoubtedly underscores the important role that pharmacy can play in helping patients navigate plan strategies that promote the use of lower-cost medications.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The study's findings that the Part D coverage gap — or “doughnut hole” — led to a significant gap in the adherence of cardiovascular medications may not come as a complete surprise; however, it undoubtedly underscores the important role that pharmacy can play in helping patients navigate plan strategies that promote the use of lower-cost medications.

April 17, 2012

Medicare Part D beneficiaries with cardiovascular conditions who had no financial assistance during the "doughnut hole" coverage gap were 57% more likely to discontinue their cardiovascular medications than those beneficiaries who had consistent drug coverage, according to a study conducted by researchers from Harvard University, Brigham and Women's Hospital and CVS Caremark.

WOONSOCKET, R.I. — Medicare Part D beneficiaries with cardiovascular conditions who had no financial assistance during the "doughnut hole" coverage gap were 57% more likely to discontinue their cardiovascular medications than those beneficiaries who had consistent drug coverage, according to a study conducted by researchers from Harvard University, Brigham and Women's Hospital and CVS Caremark.