PHARMACY

Business Roundtable identifies ways to reduce healthcare costs

BY Alaric DeArment

WASHINGTON An organization of CEOs of U.S. companies announced that it has identified ways to reduce healthcare costs for employers and employees, while also identifying practices that could increase them.

According to a report by the organization released Thursday, reforms to delivery systems, creation of “innovation centers” to identify alternative provider reimbursements, promotion of wellness and prevention programs and insurance market reforms could curb healthcare costs. Meanwhile, shifting costs to the private sector, delaying or watering down cost-saving efforts and increasing the costs of health care to individuals could cause overall costs to increase.

“This report shows that effective reforms can slow healthcare costs by as much as $3,000 per employee by 2019,” Business Roundtable Consumer Health and Retirement Initiative chairman and Eastman Kodak Co. CEO Antonio Perez stated. “Healthcare reform done right could reduce the growth rate of healthcare costs.”

The organization sent the report, conducted by Hewitt Associates and titled “Health Care Reform: Creating a Sustainable Marketplace,” to members of Congress and the Obama administration.

“The crippling spike in healthcare costs makes it harder for America’s companies and workers to compete in the world economy,” Business Roundtable chairman and Verizon Communications CEO Ivan Seidenberg said. “In this challenging economic environment, we need to make sure we improve, not erode, U.S. competitiveness.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
PHARMACY

Sanofi Pasteur releases data on H1N1 vaccine

BY Michael Johnsen

SWIFTWATER, Pa. Sanofi Pasteur, the vaccines division of the Sanofi-Aventis Group, on Wednesday announced the final analyses of data from clinical trials of the U.S. licensed influenza A(H1N1) 2009 monovalent vaccine in adults and children.

The data confirm the immunogenicity and safety profile of the vaccine, with no serious vaccine-related adverse events reported during the 42 days of follow-up in the two trials.

“These are extremely important data,” stated Wayne Pisano, president and CEO of Sanofi Pasteur, “because they once again make clear not only the immunogenicity of the influenza A(H1N1) 2009 monovalent vaccine manufactured by Sanofi Pasteur, but also the fact that this vaccine has a safety profile similar to that typically observed with seasonal influenza vaccine in all age groups studied.”

The trials also confirm that one dose of influenza A(H1N1) 2009 monovalent vaccine induces a robust antibody response in adults — but two doses of vaccine are needed to assure a robust antibody response in children 9 years of age and younger. The two-dose regimen for these younger children is similar to the recommendations for seasonal influenza immunization in this age group.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?
PHARMACY

CVS Caremark, NCOA kick off Medicare Part D educational events

BY Allison Cerra

WOONSOCKET, R.I. CVS Caremark and the National Council on Aging announced on Thursday the kick-off of Medicare Part D educational events in an effort to urge older adults and their caregivers to review their Medicare Part D options to find the lowest cost plan to meet their needs.

“Plan review can seem cumbersome, but completing a plan comparison each year is an essential step toward saving,” stated Mitch Betses, VP retail pharmacy operations at CVS Caremark. “Tools like the Medicare Part D Calculator are designed to simplify the process to help older adults and their caregivers select a plan that provides them with the greatest value and peace of mind.”

A CVS/pharmacy analysis of more than 10,000 older Americans using the Medicare Part D Savings Calculator last year revealed plan participants could save an average of $612 in annual drug costs by just switching to their optimal Medicare Part D plan.

CVS/pharmacy is launching a campaign to assist seniors and their caregivers realize savings on 2010 prescription costs through education and assistance on plan comparison. Starting Thursday, CVS/pharmacy and the NCOA are offering Medicare Part D educational events throughout the annual enrollment period at senior centers nationwide. They are urging patients to consider the Three C’s when evaluating plans: Cost, Coverage and Convenience.

Customers can also go online at CVS.com/medicare to use the free Medicare Part D Savings Calculator. In addition, CVS pharmacists are available throughout the enrollment period to provide plan comparison in stores for those who would like assistance.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon’s entry would shake up the most?