Program Description
Over the course of this year, pharmacists have become very familiar with the Medicare Modernization Act, which created the new Medicare Part D drug benefit. Pharmacists will soon be hearing more about the recently enacted Deficit Reduction Act (DRA) of 2005, which will modify the way Medicaid pays for generic drugs, create greater transparency in the pharmaceutical marketplace, and make other changes in how states will provide healthcare services for low-income individuals. This program describes the changes brought on by the DRA and discusses implications for community pharmacies and patients.
Public Law No. 109-171
by John M. Coster, Ph.D., R.Ph.
John Coster, Ph.D., R.Ph., is Vice President of Policy and Programs with the National Association of Chain Drug Stores. He is responsible for policy relating to federal and state health care programs such as Medicare and Medicaid, as well as federal regulatory issues working closely with the Food and Drug Administration (FDA). He is a 1984 graduate of St. John’s University College of Pharmacy in New York and received his Masters and Ph.D. in Health Policy from the University of Maryland.
Faculty Disclosure
The NACDS Foundation has a conflict of interest policy that requires course faculty to disclose any real or apparent commercial financial affiliations related to the content of their presentations/materials. The author of this program has no conflicts of interest.
Disclaimer
The author, sponsor, and publisher of this continuing education program have made all reasonable efforts to ensure that information contained herein is accurate in accordance with the latest available knowledge at the time of accreditation of this continuing education program.
Learning Objectives
At the conclusion of this program, participants will be better able to:
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Understand the implications on community pharmacy of the public release of AMP (average manufacturer’s price) data as well as the upcoming reduction in generic drug payments to pharmacists;
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Explain AMP and FULs (Federal Upper Limits) for generic drugs; and
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Understand the changes that states will be able to make to Medicaid benefit packages and cost sharing amounts under DRA.
Target Audience
This program is appropriate for pharmacists in any practice setting.
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