Read about the New Mexico Coalition for Healthcare Value in the Albuquerqeue Journal

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ALBUQUERQUE, N.M. — Several prescriptions for alleviating the headache of rising drug costs were outlined Tuesday at a forum sponsored by the New Mexico Coalition for Healthcare Value.

The forum was meant to address the expanding cost of prescription medications, which make up an estimated 20 percent of overall personal health care services paid by employers and insurers. The event drew 100 people to the Albuquerque International Balloon Museum.

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Upcoming summit looks for a new prescription for pharmacy costs and trends

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Pharmaceutical drug spending in the U.S. is spiraling higher and the New Mexico Coalition for Healthcare Value (Coalition) has set its sights on trying to find a cure by hosting its first summit to look at pharmacy costs and trends.

Read the full newsletter here.

Albuquerque, N.M. – In the U.S., prescription drug costs are nearly 20 percent of the total dollars spent for healthcare.  Last year alone, estimates show spending increased 13 percent with the overall price tag for prescription drugs roughly at $225 billion.

The National Committee for Quality Assurance (NCQA) has chosen New Mexico Coalition for Healthcare Value (NMCHCV) as one of four national business health coalitions in the country to provide valuable input as NCQA explores changes to its flagship product which is Health Plan Accreditation (HPA).  

Pat Montoya, executive director of the NMCHCV, said that HPA is a data collection tool that is used to measure health plans in the areas of care and service adding the NCQA, “works to improve health care quality through the administration of evidence-based standards, measures, programs and accreditation.”

NCQA representatives will be meeting with Coalition employer members and other employers on March 7^th in a round table format soliciting the employer’s view as they plan their work for 2018. The other Coalitions selected to provide input are New England Business Group on Health in Boston, Midwest Business Group on Health in Chicago and Pacific Business Group on Health in San Francisco.