ST. LOUIS, Jan. 25 /PRNewswire-FirstCall/ -- Express Scripts, Inc. today commended the Centers for Medicare and Medicaid Services (CMS) upon the release of final regulations for implementation of Part D of the Medicare Modernization Act, which affirm the value of pharmacy benefit management tools.
“Critical to the success of Part D will be the deployment of pharmacy benefit management tools already proven effective in safely managing drug costs in the commercial sector. We strongly support the cost-lowering competition that will accompany the right-sized drug formularies and retail pharmacy networks permitted by the regulations,” said Barrett Toan, chairman and chief executive officer of Express Scripts.
“CMS clearly listened carefully to the widespread input it received, especially from those interested in making the use of prescription drugs safer and more affordable for America’s seniors. The regulations will go a long way toward expediting Part D implementation by both employers and plans,” said Toan. He indicated that the company continues to review the regulations as it evaluates its direct participation in the program.
“The regulations give employers a practical process for continuing to provide Medicare eligible beneficiaries with prescription benefit coverage. Express Scripts looks forward to working closely with employers and plans supporting their participation in Part D,” added Toan.
Express Scripts, Inc. is one of the largest PBM companies in North America providing PBM services to over 50 million members through facilities in thirteen states and Canada. Express Scripts serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, government-sponsored benefit plans, employers, and union-sponsored benefit plans. Express Scripts participated in the Medicare discount card program as a member of the Pharmacy Care Alliance. More information about the company can be found at http://www.express-scripts.com/ .
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Media Contact: Steve Littlejohn 314-702-7556 slittlejohn@express-scripts.com Investor Contact: David Myers 314-702-7173 investor.relations@express-scripts.com
Express Scripts, Inc.
CONTACT: Media, Steve Littlejohn, +1-314-702-7556,slittlejohn@express-scripts.com , or Investors, David Myers, +1-314-702-7173,investor.relations@express-scripts.com , both of Express Scripts
Web site: http://www.express-scripts.com/