AMCP Database Advances Pricing Transparency, Academy Plans White Paper

The Academy of Managed Care Pharmacy has developed and placed on its website a searchable interactive database of articles and documents that examine drug product payment systems in use in the United States today, such as average wholesale price (AWP), average manufacturer's price (AMP) and wholesale average cost (WAC). Judith Cahill, executive director of the Academy, said, "We believe this web-based library will be an invaluable resource for our members and for public policy makers who are studying the changing dynamics of how drugs are paid for in various public programs and the private market." The materials in the database were used to develop a white paper the Academy will shortly release describing these existing payment systems, and the potential impact of proposed changes to these systems, now that the AWP methodology is under serious scrutiny and likely to be replaced. -AMS