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As most pharmacy benefit plan sponsors know, the new change in AWP became effective on September 26, 2009. On that date and in response to the associated court settlement, First DataBank and Medi-Span adjusted the AWP mark-up over the wholesale acquisition cost (“WAC”) to no more than 20%. This represents an approximate 4% reduction in AWP for 1,440 NDCs included […]

Finally, September 26th has come and gone, the effective date of the new AWP settlement changes. Your PBM is still processing claims.  Members are still having their drug cards honored at the  pharmacy counter and if you are a drug benefit plan sponsor, you’ll be receiving adjusted invoices to reflect this momentous event.  The problem […]

The First DataBank/Medispan/McKesson litigation settlement is finally coming home to roost. The impact begins with the scheduled change in Average Wholesale Price (“AWP”) benchmarks occurring on September 26, 2009. For prescription drug plan sponsors, it presents a potential opportunity to sit down with your PBM and renegotiate your cost structure ( Of course, that’s the […]