TITLE

Making dollars and sense of recent drug pricing developments

AUTHOR(S)
Hawes, Jeff
PUB. DATE
January 2007
SOURCE
Employee Benefit News;Jan2007, Vol. 21 Issue 1, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on a lawsuit concerning the drug price reporting practices of First Databank (FDB) in the U.S. Pharmacy benefit managers use the published list of average wholesale prices (AWP) of FDB as a benchmark for discounts with retail pharmacies. An analysis by the Pharmaceutical Strategies Group shows that the change in the pricing of FDB may be due to the program costs shifts of 1% to 4%. FDB plans to stop its AWP pricing benchmark within two years of final legal proceedings.
ACCESSION #
23843985

 

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