The job of #PBMs is to reduce drug costs. Instead, they frequently do the opposite. They steer patients toward pricier drugs, charge steep markups on what would otherwise be inexpensive medicines and extract billions of dollars in hidden fees. |
@NYTimes https://t.co/E0tyB5jxWH
“These are the middlemen who negotiate behind the scenes on drug prices. They get billions of dollars of profits from the deals they make, but people don’t get the benefits, they still pay high prices.” | @NewBritHerald https://t.co/LuyCjX8i3q
APCI Board Chairman Dale Johnson, member Anna Noojin and Staff Bill Ely joined pharmacists from across Alabama to witness the ceremonial signing of SB252, the PBM Reform bill today.
These abusive, anti-competitive practices created an epidemic of pharmacy closures and rising prescription drug prices nationwide. Community pharmacists want to care for their communities, and it’s time that they get an even playing field to do just that. https://t.co/lNUlz2Vm2o
MODERN MEDICAL MAFIA EPISODE 1 is now streaming on AMAZON PRIME!
Get ready to uncover the hidden truths about pharmaceutical middlemen and their impact on patients, pharmacies, and the healthcare system.
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#PBMs use their control to make billions in profits at the expense of everyone else, especially patients and small community pharmacies. | @cascadebusnews https://t.co/o4zd5askUb
With 22,000% drug markups, Rxs $6k over NADAC, & ind. pharmacies being crushed, Virginia’s Medicaid managed care program is off the rails. Virginia SB 875 trims the fat via a single PBM model. Let’s get it signed. #itworkedinOhio@HokiePharmacist
https://t.co/1GzAoQ8FZi
“The amount of overreach and amount of control that those pharmacy benefit managers have on how we practice and how we can take care of our patients is insane.” https://t.co/zxLVZ5cfO2
“When #PBMs first came around about 20 years ago they were beneficial,” Johnson said. “But in the last decade they’ve really become a big negative for independently owned pharmacies all over the state.” | @smrnews https://t.co/5cDOu8KvKT
“I think there's 3 main buckets of #PBMreform. One is legislation, one is litigation, and another is market-based solutions,” said Antonio Ciaccia, President of 3 Axis Advisors and CEO of 46brooklyn Research. | @Drug_Topics https://t.co/3N0lSkrpjh
According to the Iowa Pharmacy Association, out of all the states that have passed PBM reform there has not been an increase of insurance premium prices for patients. | @kcautv https://t.co/qzPzI25vJf
With Congress gridlocked on #PBM legislation, more states are taking the lead in addressing industry practices that critics say drive up costs and are pushing independent pharmacies out of business. | @axios https://t.co/2f7EJHuAZG
“For far too long, drug middlemen called PBMs have taken advantage of lax regulations to abuse customers, inflate drug prices, and cut off access to critical medications. Not anymore,” Sanders said. | @emeatribunelive https://t.co/hIDa8yGV3C
Rep. Philip Rigsby called it "a big win for not only pharmacies that are able to stay open and take care of those patients, but a big win for Alabamians because they can continue to go to that pharmacy that's taken care of generations." | @FOX54News https://t.co/mbBpILtWGI
In a historic step forward for patients and independent pharmacies across the state, Governor Kay Ivey has signed Senate Bill 252 into law, enacting the most significant pharmacy benefit manager (PBM) reform legislation in Alabama’s history.
Burnett says the new Alabama law regulating pharmacy benefit managers will save many local pharmacies and allow patients to continue filling their prescriptions. | @wtvm https://t.co/MSghuLOcRT
Barron has also tied a black ribbon around the door to the Cornerstone, which has proved to be a huge conversation starter. “It’s like, ‘Who died?,’ and I say, ‘We’re fixing to die’...If we don’t get some legislation, then we’re not going to be here.” https://t.co/bnfSxqTOjg
“This legislation will undoubtedly help community pharmacies keep their doors open and continue serving patients, which is a big win for the state of Alabama,” said Speaker Nathaniel Ledbetter, R-Rainsville. | @abc3340 https://t.co/QTIeOhJxvu
Tony Cochran, a board member for the Business Council of Alabama, said he was “downright embarrassed” by the group’s decision to oppose “a true solution that will save these pharmacists.” | @aldotcom https://t.co/OmCHhjgy9a
The Senate has concurred with the Alabama House, and now SB 252 is ready for Gov. Ivey's signature! Urge the governor to enact PBM reform in Alabama at https://t.co/4UBAuf7ZAY