The Coalition for Affordable Prescription Drugs (CAPD) issued the following statement following the Senate’s confirmation of Seema Verma today as administrator for the Centers for Medicare and Medicaid Services:
“Medicare Part D’s success is due to pharmacy benefit managers’ ability to control costs and deliver better health outcomes for 40 million seniors across the nation,” said Meghan Scott, Executive Director, Coalition for Affordable Prescription Drugs. “PBMs’ continuing role in Medicare Part D will ensure seniors have access to affordable prescription drugs and taxpayers save money. CAPD applauds the Senate’s confirmation of Ms. Verma.”
For each senior enrolled in Medicare Part D, PBMs help save seniors and taxpayers $2,340 per year. Furthermore, PBM clinical programs help seniors manage complex medication regimens, resulting in better health outcomes and savings for taxpayers.
CAPD launched earlier this year to demonstrate that pharmacy benefit managers (PBMs) and their partners in the public and private sectors are providing comprehensive, private-market solutions to address rising drug costs, keep patients healthy, and deliver value to the health care system. PBMs and their partners provide sustainable access to the most effective and affordable prescription drugs.