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Background
Against a backdrop of rapidly rising drug prices and confusing market conditions, HR Policy Association
formed the Pharmaceutical Coalition. The Coalition is made up nearly 60 companies within the Association representing
more than 5 million lives with collective drug spending of approximately $5 billion. Coalition employers came together
to remove the mystery from purchasing pharmacy benefits. They demonstrated the potential of leveraging their buying power
to promote a more transparent model for purchasing and administering pharmaceutical benefits for employees, retirees,
and their dependents.
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.
Currently, 11 PBMs have been certified as meeting TIPPS standards:
Additionally, in 2010 Aetna, Humana Pharmacy Solutions, MedImpact, Prime Therapeutics, and RESTAT have agreed to provide
actual acquisition cost pricing for mail order drugs. This actual cost transparency will allow employers to benefit from the
actual inventory cost that these PBMs pay for drugs.
TIPPS is only one several projects that the Coalition is developing 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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