PBM tools help cut seniors' prescription drug costs

02/19/2013 | NJ.com (Hackensack, N.J.)

Thanks to tools used by pharmacy benefit managers, consumers and public programs are spending less on drug coverage, says Charles Coté, assistant vice president for strategic communications with PCMA. The standard deductible consumers pay for Medicare Part D will drop by about 4.6% next year to $310, and co-payments will fall as well thanks to historically low drug spending. Industry officials credited increased generics utilization with some of the savings.

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NJ.com (Hackensack, N.J.)