Today, U.S. Representatives Jake Auchincloss (D, MA-04) and Diana Hershberger (R, TN-01) introduced the Pharmacists Fight Back Act to tackle the manipulative practices of Pharmacy Benefit Managers (PBMs) – the middlemen of drug pricing. PBMs are directly responsible for driving up drug costs, gouging community pharmacists, and limiting patient choice in federal healthcare plans. This bipartisan legislation is currently the most comprehensive PBM reform ever introduced at the federal level.
The Pharmacists Fight Back Act reins in large PBMs responsible for hundreds of millions of dollars in overcharges via spread pricing in Medicaid-managed care plans. The bill implements a transparent pharmacy reimbursement model using market-based pricing benchmarked to the national average drug acquisition cost (NADAC). It also removes the ability of PBMs to restrict patient choice via network exclusions, and protects community pharmacists by prohibiting PBMs from steering patients to PBM-affiliated pharmacies.
"The corporate greed of PBMs and their health-insurance overlords has taken money directly out of the pockets of seniors, taxpayers, and pharmacists by inflating the price of medications for their own benefit. This bill protects community pharmacists and patients from price-gouging in federal healthcare programs,” said Rep. Auchincloss.
I am looking forward to it!
thx 🙃🙃🙃🤗🤗🤗😘😘😘😍😍😍🥰🥰🥰
My local community Pharmacist handed me this today.
ALERT: CONTACT YOUR FEDERAL REPRESENTIVE TO SPONSOR OR CO-SPONSOR THIS LEGISLATION. LINK TO BILL IS AT THE BOTTOM.
HR 9096 Pharmacists Fight Back Act
TO PRESERVE YOUR LOCAL PHARMACIES. STOP THEM FROM FORCING US TO USE PLACES LIKE WALMART.
https://auchincloss.house.gov/media/press-releases/release-auchincloss-introduces-bipartisan-pharmacists-fight-back-act-to-crack-down-on-predatory-drug-pricing
Today, U.S. Representatives Jake Auchincloss (D, MA-04) and Diana Hershberger (R, TN-01) introduced the Pharmacists Fight Back Act to tackle the manipulative practices of Pharmacy Benefit Managers (PBMs) – the middlemen of drug pricing. PBMs are directly responsible for driving up drug costs, gouging community pharmacists, and limiting patient choice in federal healthcare plans. This bipartisan legislation is currently the most comprehensive PBM reform ever introduced at the federal level.
The Pharmacists Fight Back Act reins in large PBMs responsible for hundreds of millions of dollars in overcharges via spread pricing in Medicaid-managed care plans. The bill implements a transparent pharmacy reimbursement model using market-based pricing benchmarked to the national average drug acquisition cost (NADAC). It also removes the ability of PBMs to restrict patient choice via network exclusions, and protects community pharmacists by prohibiting PBMs from steering patients to PBM-affiliated pharmacies.
"The corporate greed of PBMs and their health-insurance overlords has taken money directly out of the pockets of seniors, taxpayers, and pharmacists by inflating the price of medications for their own benefit. This bill protects community pharmacists and patients from price-gouging in federal healthcare programs,” said Rep. Auchincloss.
LINK https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:fe314e52-108e-4219-9e6e-9d01aae371d3