Tremendous Bowl LVIII is sort of right here. Time for some blow-out beer commercials, sometimes interrupted by a soccer sport. In case you haven’t heard, Taylor Swift is relationship the brother of Paula’s favourite Eagles participant.
However who wants the Tremendous Bowl when you’ll be able to sort out this month’s number of notable information tales, intercepted for you from the Drug Channels gridiron:
- Punt: Common listing costs are unchanged for 2024
- Trick Play: GSK tussles with PBMs over lower-priced merchandise
- Rush! Senator Cassidy tries to sort out CVS and Walgreens—and I provide you with a peek at a Walgreens 340B contract
- Offsides: To Gen Z, being a pharmacist is cheugy.
Plus, Dr. Glaucomflecken peeks inside a hospital owned by a personal fairness agency.
P.S. A giant THANK YOU for all the nice and cozy needs and congratulations on DCI’s acquisition by HMP! Try the fantastic feedback on this LinkedIn submit. Nice issues forward.
Model Drug Listing Value Change Field Rating, 46Brooklyn
How Reducing The Value of a Widespread Bronchial asthma Drug Made It More durable to Get, The Wall Avenue Journal
To keep away from paying Medicaid for its merchandise, GSK eliminated its high-list-price brand-name merchandise from the market and launched a generic model with an inventory worth that was 35% decrease. PBMs promptly blocked this new model from their formularies, blaming GSK for introducing “unbranded variations at inflated costs.”
Because the Wall Avenue Journal describes, sufferers have been the massive losers thus far.
Who’s proper concerning the true change in web costs? ¯_(ツ)_/¯
Rating Member Cassidy Seeks Info from Main Contract Pharmacies as A part of Ongoing 340B Investigation, Senate Well being, Schooling, Labor and Pensions (HELP) Committee
Alas, some individuals refuse to imagine that 340B contract pharmacies can earn outrageous earnings from this system, per How Hospitals and PBMs Revenue—and Sufferers Lose—From 340B Contract Pharmacies.
On your studying pleasure, I googled up a publicly-available 340B contract pharmacy settlement between Walgreen Co. and Public Well being Belief of Miami-Dade County, Florida.
You possibly can see the sky-high charges within the excerpt beneath. Walgreens will get 15% of the prescription’s full worth plus a $65 dishing out charge. Thus, a $5,000 specialty prescription will yield $815 in gross revenue (16% gross margin) for Walgreens. Many specialty medicine have 340B reductions of 75%, so a 340B lined entity would nonetheless earn about $3,000 from this prescription.
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Contract pharmacy charges within the 340B program aren’t required to be primarily based on the present honest market worth requirements utilized in different federal packages. In reality, in terms of contract pharmacy charges, there’s no steerage in any respect. Maintain going, Senator Cassidy!
2022-2023 PharmCAS Applicant Knowledge Report, American Affiliation of Faculties of Pharmacy
In response to the American Affiliation of Faculties of Pharmacy (AACP), the overall variety of pharmacy faculty candidates has dropped by 36%, from 17,617 in 2012-13 to 11,227 in 2022-23. Thanks a ton to the eight individuals who boosted the newest figures above the 2021-22 complete!
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TBH, it’s sus that the acceptance charge to pharmacy faculty grew, from 70% in 2012-13 to 87% for 2022-23. Seems prefer it’s now highkey straightforward to develop into a pharmacist.
Personal Fairness Toilet Breaks, Dr. Glaucomflecken
