CNBC star, national radio host headlines exclusive retailer-supplier summit
NEW YORK The markets are turbulent. Banks and financial institutions are struggling. Consumers’ purse strings are tighter than ever, and that has retailers and suppliers worried. Larry Kudlow believes we have been through the worst of it, and America has the tools in place to fix it all — now.
Kudlow, host of CNBC’s “The Kudlow Report” and a nationally syndicated columnist and radio host, will deliver the keynote presentation, “Never Sell America Short: Free-Market Capitalism and the American Economy,” at an exclusive retailer-supplier roundtable event hosted by The Drug Store News Group.
The highly outspoken and unapologetic Kudlow — who also hosts the national “The Larry Kudlow Show” on ABC radio and whose column regularly appears in The National Review — will dissect the political and economic climate to help attendees understand, among other things, how the markets and industry need to work together.
Kudlow’s remarks set the table for the 12th Annual Drug Store News Industry Issues Summit/Diabetes Roundtable event, which is scheduled for Tuesday, Nov. 30, at the historic New York Athletic Club. The annual, one-day must-attend conference brings together a highly diverse group of retailers and key supplier executives in a series of top-to-top panel discussions moderated by Drug Store News.
The event — which is timed to coincide with the annual “NACDS Week,” including the NACDS Foundation Dinner later that evening — is premised upon better aligning retailer and supplier objectives, with the end goal of growing the business unilaterally. For retailers, DSN Issues Summit is an ideal opportunity to reconnect with important business partners; for suppliers, it is a chance to network with leading retail executives.
Confirmed panelists include top executives from such retailers as H-E-B, Costco, Fred Meyer, Rite Aid, Wegmans, Ulta Beauty, Walgreens, Sam’s Club, McKesson’s HealthMart, ACE Hardware, exciting new healthcare retailer Max-Wellness, Giant Eagle, Kerr Drug and many more.
Current sponsor companies include Pacific World, Kao Brands, Novartis Consumer Health, Takeda, Pharmavite, TABS, Catalina Marketing, Alberto-Culver and Nipro Diagnostics.
NCPA to CMS: Medicaid reimbursements should adhere to healthcare-reform law provisions
ALEXANDRIA, Va. The National Community Pharmacists Association is urging the Centers for Medicare and Medicaid Services to follow guidance that Congress included in the healthcare-reform law in its implementation of a new Medicaid generic drug reimbursement formula based on average manufacturer price, the organization said Tuesday.
CMS recently withdrew provisions that would have dramatically cut Medicaid pharmacy reimbursement to community pharmacies from a previously proposed AMP rule due to an injunction that the NCPA obtained in 2007.
In a letter to Congress, the NCPA recommended giving manufacturers more direction in calculating their AMPs, such as requiring them to only include prices paid by wholesalers for drugs subsequently sold at pharmacies; recognizing the ill effect that the NCPA said curtailed generic drug reimbursements would have on retail pharmacies; and setting up a process by which revised federal upper limits resulting from the revised AMP data will be implemented in order to minimize disruption for patients and pharmacies.
“In many ways, independent community pharmacies are the backbone of Medicaid’s prescription drug benefit,” NCPA acting EVP and CEO Douglas Hoey said. “Pharmacies will become an even more important source of health care-related services for Medicaid beneficiaries as new healthcare reform provisions are implemented.”
David Brailer joins Walgreens’ board of directors
DEERFIELD, Ill. Walgreens has appointed the chairman of Health Evolution Partners to its board of directors.
The drug store chain announced Wednesday that David Brailer would join Walgreens’ board as an independent director, making him the board’s 11th member.
Brailer has served as chairman of Health Evolution Partners since 2006. Prior to joining Health Evolution Partners, he was appointed by the Bush administration as the first national health-information technology coordinator in 2004.
“David’s expertise in advancing healthcare technology on a national level, as well as his experience in supporting companies through investments that promote major change in the health system will provide us with valuable insight,” said Walgreens chairman Alan McNally. “This will be extremely important in the years ahead as technology plays an even greater role in the delivery of quality, affordable and accessible health care.”
Walgreens president and CEO Greg Wasson added, “David will be a tremendous resource to our board and our company as we help patients and payers lower healthcare costs while improving quality, outcomes and transparency through our pharmacy, health and wellness solutions.”