(Washington, D.C.)— Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt released the following statement on a new report from the IMS Institute for Healthcare Informatics, Medicines Use and Spending in the U.S.: A Review of 2015 and Outlook to 2020:

“This report highlights how tools used by pharmacy benefit managers restrain costs for commercial and government payers by increasing competition among drugmakers. This competitive model should be used to root out wasteful spending in unmanaged programs where PBM tools are not widely employed.”