Monday, July 28th32.2°C
21452

Express Scripts' cost-saving move will slash coverage of 1,000 compounded drugs

WASHINGTON - The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed formulas are ineffective or overpriced.

The company, which manages prescriptions for 90 million Americans, plans to drop coverage of 1,000 drug ingredients commonly found in compounded medications.

Express Scripts says the move will cut wasteful spending and lower its customers' compounded drug costs by 95 per cent.

But the coverage change has prompted a swift pushback from compounding pharmacists, who argue that the cuts will deprive patients of crucial medications that are not available as traditional manufactured drugs. A spokesman for the pharmacists says similar efforts to curb coverage are in the works from several other pharmacy benefit providers and health insurers.

The Canadian Press


Read more Business News

22447


Recent Trending




Today's Market
S&P TSX15445.22-9.82
S&P CDNX1019.852.41
DJIA16982.5922.02
Nasdaq4444.909-4.655
S&P 5001978.91+0.57
CDN Dollar0.9259-0.0002
Gold1305.20+2.10
Oil101.57-0.52
Lumber323.20+0.20
Natural Gas3.84+0.059

 
Okanagan Companies
Pacific Safety0.195+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.065-0.005
Anavex Life Sciences0.265-0.01
Metalex Ventures0.08+0.01
Russel Metals35.15-0.21
Copper Mountain Mining2.97+0.15
Colorado Resources0.225+0.015
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.02-0.03
Mission Ready Services0.19+0.01

 



22439

FEATURED Property
17594763762 Pine Valley Drive
3 bedrooms 3 baths
$634,400
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22758