TAMPA, Fla., May 28, 2013 /PRNewswire/ -- Comprehensive Care Corporation (OTC BB: CHCR), a leading behavioral health, substance abuse and pharmacy management provider for employers, Taft-Hartley health and welfare funds, and managed care companies, announced today that its Chairman and CEO, Clark A. Marcus, has been named to the Board of Directors of "America's Agenda: Health Care for All."
"America's Agenda: Health Care for All" is an alliance of national labor unions, businesses, health care providers and government leaders who share a common commitment to guaranteeing access for everyone to affordable, high quality health care.
"Over the past two years, I and my team at CompCare have been acutely aware of the negative impact the rising costs of pharmaceutical programs have had in the U.S. We have worked diligently to design an alternative delivery Pharmacy Savings Program that would rein in the spiraling pharmaceutical costs. We launched our Pharmacy Savings Program earlier this year, committing to saving our clients a minimum of 10% off of their prior year's pharmacy spend, and we backed up that promise with a Performance Surety Bond issued by a national surety leader," said Mr. Marcus.
"My membership on the America's Agenda Board of Directors places CompCare in a position to play a significant role, alongside key health care leaders in Washington DC and the nation, in solving the vexing financial challenges of the nation's health care system," said Mr. Marcus.
Mark Blum, Executive Director of "America's Agenda: Health Care for All," in a personal letter to Mr. Marcus, stressed that "increasing the affordability of pharmaceutical medication has value that significantly surpasses prospective savings on the drug spend. When needed pharmaceutical medications become more affordable, substantial spillover benefits are created in terms of improved patient health and reduced need for costly downstream medical interventions. CompCare is focusing on this critical component of any successful strategy to rein in growth in health costs, while improving quality of care."
Mr. Blum continued: "We have high regard for the innovative approach CompCare is pioneering to make medications more affordable and to integrate appropriate use of pharmaceutical medications with overall behavioral and physical health. We look forward to the partnership with CompCare and to your personal leadership, Clark, in advancing the mission of America's Agenda."
"Health care in the U.S. is in crisis and prescription drug prices are playing a large role in this problem because costs are rising at more than twice the rate of inflation and at a rate significantly higher than other health care costs. That is why I am so pleased by my appointment to this prestigious Board. If we can reign in prescription drug prices, we can do much to solving America's health care cost issues," Mr. Marcus explained
About America's Agenda: Health Care for All
America's Agenda: Health Care for All brings together national and international labor unions, businesses, health care providers and government leaders who share a common commitment to the mission of winning guaranteed access to affordable, high quality health care for every American. America's Agenda provides real health reform initiatives with the state-of-the-art strategic support they need to succeed – from cutting-edge campaign communications to innovative and effective policy design. America's Agenda has an unrivaled record of building and strengthening comprehensive health care reform campaigns in states across the country. Its campaigns have won ground-breaking victories. When the new leadership in Washington, D.C., adopted health reform as a national priority, America's Agenda's state-by-state efforts provided important templates for Federal legislation and helped accelerate the political momentum needed to approve the reforms. America's Agenda has since reset its focus on the critically important second phase of U.S. health reform: transformation to a high-performance care delivery system that will rein in runaway health cost inflation while improving health outcomes for all Americans. As part of this effort, America's Agenda has renewed its work in states across the country. Information about its Board of Directors and its mission and focus is available at http://www.americasagenda.org/.
Established in 1969, CompCare provides behavioral health, substance abuse and pharmacy management services for managed care companies throughout the United States and Puerto Rico. Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches to behavioral health that address both the specific needs of clients and changing health care industry demands. For more information, please call 813-288-4808 or visit our website at www.compcare.com.
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond CompCare's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, the ability of CompCare to maximize its market share with new pharmacy initiatives, the ability of CompCare's new pharmacy cost-savings program to guarantee a reduction in pharmacy costs, the ability of CompCare's pharmacy cost-savings program to revolutionize the pharmacy sector of the health care industry, CompCare's ability to increase its business and margins as a result of implementing its pharmacy cost-savings program, CompCare's ability to obtain a performance bond on satisfactory terms, the ability of CompCare and its staff to execute its business plan, the ability of CompCare to offer and sell any of its products at a profit, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member pharmacy utilization, our ability to manage health care operating expenses, our ability to achieve expected results from new business, the profitability, if any, from capitated pharmacy contracts or other products, increases or variations in cost of care, seasonality, CompCare's ability to obtain additional financing, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Any forward- looking statement in this release speaks only as of the date on which it is made. CompCare assumes no obligation to update or revise any forward-looking statements.
E & E Communications
SOURCE Comprehensive Care Corporation