Harris Teeter gears up for Operation Medicine Drop
CHARLOTTE, N.C. — Harris Teeter has teamed up with local law enforcement to help consumers dispose of unused or expired medications.
The supermarket operator said Operation Medicine Drop, which is scheduled for March 26, allows customers to drop off unused or expired medications at 1-of-6 Harris Teeter locations from 10 a.m. to 2 p.m., where law enforcement from the Charlotte-Mecklenburg and Huntsville police departments will dispose of them properly. Levine Children’s Hospital of Charlotte, N.C., also is participating in Operation Medicine Drop.
For a list of which Harris Teeter locations are participating in Operation Medicine Drop, click here.
Walgreens doesn’t need PBM to keep it at top
WHAT IT MEANS AND WHY IT’S IMPORTANT — A lot was made of Walgreens’ sale of its pharmacy benefit management business to focus on its stores and the other parts of its business, with some analysts and pundits suggesting CVS should or might soon follow suit. Whether or not CVS Caremark decides to do the same remains to be seen, but it certainly isn’t the foregone conclusion some have suggested it might be.
(THE NEWS: Walgreens says farewell to PBM business. For the full story, click here)
Ever since CVS purchased Caremark, Drug Store News has maintained that these are two companies — CVS Caremark and Walgreens — that are more or less trying to skin the same cat two different ways. CVS believes it can use a big PBM to win business from big payers; Walgreens believes it doesn’t need a PBM to do that, and has had some success negotiating directly with big payers, including the pharmacy deal it signed with Caterpillar in 2010 and the scores of employers that have engaged its Take Care work-based health solution.
That part really hasn’t changed. Who has built the better mousetrap? These companies are the Nos. 1 and 2 in our industry, and there is no sign of that changing any time soon.
You can’t necessarily draw a lot of conclusions about what CVS will do or should do with Caremark based on Walgreens’ decision to sell its PBM. It’s just not an apples-to-apples comparison; in fact, it’s more like apples-to-grapes. With the recent deal, Catalyst Health only will become the fifth-largest PBM in the country, and the drop-off between No. 4 and 5 is precipitous, to say the least. Mail order was just 2.5% of Walgreens Health Initiatives’ business. It just wasn’t a big business for Walgreens, and on that level maybe you could say that its PBM was a distraction. The PBM is clearly worth a lot more to CVS.
Does that mean CVS stays in the PBM business forever? Not necessarily — just don’t look for a lot of omens as to what CVS will or won’t do based on what Walgreens has done or plans to do. In fact, the company has carved out a reputation for “zigging” when Walgreens “zags.”
TV program reveals harsh reality of drug counterfeiting
WHAT IT MEANS AND WHY IT’S IMPORTANT — Sugar and chalk. That’s what Pfizer researchers found in a pill that was supposed to be Cytotec but was, in fact, a crude knock-off seized from a counterfeit drug lab in Peru.
(THE NEWS: ’60 Minutes’ examines drug counterfeit problem. For the full story, click here)
The "60 Minutes" segment came as no surprise to Drug Store News, which has argued for many years that drug counterfeiting is the key reason lawmakers need to forget the recurring pipe dream they share that rogue Internet sites and drug reimportation is a legitimate solution to rising healthcare costs. As it is, thousands of suspicious packages containing possible counterfeit drugs are seized by Customs agents in U.S. postal facilities every day. According to estimates, 36 million Americans bought drugs from unlicensed Internet pharmacy sites last year.
What was surprising, however, was the number of negative comments the TV news program received on its website from cynical consumers who believed producers and the network — even Sanjay Gupta, CNN’s resident medical expert who hosted Sunday evening’s segment for CBS — had sold out.
“I have been a devoted viewer of ’60 Minutes.’ … Tonight’s show, however, hit a nadir in the appalling Pfizer infomercial masquerading as news,” one viewer noted on the "60 Minutes" website.
“’60 Minutes’ owes its long-time viewers a sincere and public apology as part of an admission that this ‘report’ was an embarrassing abuse of its storied pulpit — a shameless insult to journalism itself,” posted another user.
“I used to have respect for Sanjay Gupta. Just proves that everyone has a price tag,” noted another.
This speaks to a much larger problem in America: the flawed sense of entitlement that threatens to undermine this country on a number of levels. We want to buy homes we can’t afford. We want national security and top-notch education, but we don’t necessarily want to pay taxes to pay for it. We want $4 generics and cheap branded drugs from the Internet, and we expect the Food and Drug Administration and Pharma to be able to guarantee the safety of those products.
The reality is that you can’t pay for the kind of operation Pfizer has to fund to ensure the safety of its products and to help guard the integrity of the U.S. drug supply chain on margins from $4 products.
The reality is that the FDA doesn’t have the resources to do it. Commissioner Hamburg told "60 Minutes" that the United States still has been unable to identify the source of the contaminated ingredient that likely killed dozens of Heparin users in 2008.
The reality is that today, in 2011, the counterfeit drug business is a $75-billion-a-year-and-growing underground industry with no signs of slowing down. Drug traffickers realize there is a lot more return on investment in imitation prescription pills than, say, cocaine or heroin — particularly when you factor in the low risk.
The reality is that some criminal in a one-room shanty in Peru, or any other disgusting hovel anywhere else in the world, can knock off a pill for about 40 cents and sell it for $20. And it’s up to such drug makers as Pfizer to spend the money to catch them before you die from taking a pill made of sugar and chalk.
That’s what happens when you bend the rules of health care rather than rewrite the rules. That’s what happens when you don’t realign incentives to make Americans smarter healthcare consumers and make providers more focused on outcomes than services. You get pills made out of chalk and sugar. That’s the reality.
DSN knows a couple of things about good journalism, and "60 Minutes" deserves credit for making millions of Americans face the cold, hard truth about drug counterfeiting.