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Background
The Pharmaceutical Coalition was established by the HR Policy Association to achieve
a more cost effective and transparent model for purchasing pharmaceuticals benefits
for employees, retirees, and their dependents.
The Coalition is chaired by Sidney C. Banwart, Vice President, Human Services Division
for Caterpillar Inc. It includes fifty-eight companies representing more than 5
million lives with collective drug spending of more than $4.9 billion. Already,
it has demonstrated the potential of leveraging large employer purchasing power
to achieve savings and to provide employers unparalleled access to pricing information.
The Coalition’s Transparency in Pharmaceutical Purchasing Solutions (TIPPS)SM initiative
uses a comprehensive certification process to identify pharmacy benefit managers
(PBMs) willing to meet the Coalition's rigorous transparency standards.
Each year the Coalition issues a market-wide request for proposal, and PBMs that
respond must verify that they will comply with the Coalition's transparency standards
and agree to rigorous audit rights to guarantee compliance. Currently, 13 PBMs have
been certified as meeting TIPPS standards:
Aetna Pharmacy Management
Blue Cross and Blue Shield of Alabama
CatalystRx, A HealthExtras Company
CIGNA Pharmacy Management
CVS Caremark
Express Scripts
Humana Pharmacy
Medco Health Solutions, Inc.
Prime Therapeutics LLC
RESTAT LLC
SXC Health Solutions, Inc.
Walgreens Health Initiatives, Inc.
WellPoint NextRx
TIPPS is not the plateau for the Coalition, but a first step in what the Association
intends to be a continued effort to inject much needed transparency and value into
our health care system.
To learn more, please contact Marisa L. Milton, Executive Director of the Coalition
at mmilton@hrpolicy.org, or (202) 789-8670.
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