Wednesday, July 15, 2009

PBM Transparency

NCPA Expert to Testify on Pharmacy Benefit Manager Abuses
At Senate Hearing Tomorrow



(Alexandria, Va.) – Arkansas pharmacist Mark Riley, Secretary-Treasurer of the National Community Pharmacists Association (NCPA) and Executive Vice President of the Arkansas Pharmacists Association, will testify at a Senate Commerce Committee Hearing tomorrow entitled “Competition in the Health Care Marketplace.”

Riley’s testimony will focus on his expertise regarding the lack of transparency and accountability for pharmacy benefits managers (PBMs); the anti-competitive effects of the merger of CVS, the nation’s largest chain pharmacy, with Caremark, one of the largest PBMs; and their detrimental impact on patients and health plan sponsors.

WHO: Mark Riley – NCPA Secretary-Treasurer and Executive Vice President of the Arkansas Pharmacists Association

WHAT: “Competition in the Health Care Marketplace.”
Senate Commerce Subcommittee on Consumer Protection, Product Safety, and Insurance

WHEN: July 16, 2009, 10:00 AM EDT

WHERE: Room 253
Russell Senate Office Building
Constitution Avenue and 1st Street, NE
Washington, DC 20510

LIVE STREAM: The Committee’s hearings are typically Webcast at this URL: http://commerce.senate.gov/public/index.cfm?FuseAction=Hearings.LiveStream