U.S. Senate Advances PBM Middleman Reforms to Lower Drug Prices and Protect Pharmacy Access

U.S. Senate advances PBM middleman reforms to lower drug prices and protect pharmacy access

ARLINGTON, Va. — National Association of Chain Drug Stores (NACDS) President and CEO Steven Anderson issued a statement Friday following Senate passage of appropriations legislation that includes critical pharmacy benefit manager (PBM) reforms for which NACDS has long advocated. The bill, which passed on a 71-29 vote, now will proceed to the House of Representatives for consideration because it differs from the bill passed by that chamber last w…

PCMA: Big Pharma Wins Big with Passage of PBM and Employer Mandates

(Washington, D.C.) — Today, the Senate passed a government funding bill that includes unrelated new mandates on employers and pharmacy benefit managers (PBMs) that will increase prescription drug costs for American families. The policies focused solely on PBMs will drive drug prices higher, eliminate employer choice, and discourage competition in the PBM market. In response, Pharmaceutical Care Management Association (PCMA) President and CEO Dav…