US Edition'A lifeline': Alabama legislators pass bill locally-owned pharmacies say will keep them in business
- Alabama lawmakers voted on Tuesday to regulate pharmacy benefit managers .
- Independent pharmacists say PBM business practices cause them financial losses.
- The regulations require PBMs to reimburse independent pharmacists at least the Medicaid rate.
- Sen. Billy Beasley stated it's a "win for the community pharmacists."
- The legislation, now headed to the governor, aims to curb closures of small pharmacies.
14 Articles
14 Articles
Lawmakers send pharmacy reimbursement bill to Ivey
MONTGOMERY — A bill that would require third-party groups that negotiate drug prices – known as pharmacy benefit managers or PBMs — to pay independent pharmacies more for some medications passed through both chambers of the Alabama Legislature on Tuesday,…
'A lifeline': Alabama legislators pass bill locally-owned pharmacies say will keep them in business
HUNTSVILLE, Ala. (WHNT) — Locally owned Alabama pharmacies have been closing their doors at a rapid rate, but a bill that passed the state legislature Tuesday will change how they are reimbursed, aiming to keep more independent pharmacies open. Huntsville-based Star Discount Pharmacy Director Trent McLemore said he would not have expected to see this day six months ago, and he believes this bill will create a more fair system. Congressman M…
Alabama approves regulations on pharmacy benefit managers to help small pharmacies
Alabama lawmakers on Tuesday voted to put new regulations on pharmacy benefit managers in an effort to curb the closure of small pharmacies across the state. The Alabama House of Representatives voted 102-0 for the proposal that will require pharmacy…
Alabama House passes bill to support independent pharmacies statewide
On Tuesday, the Alabama House of Representatives passed SB252, sponsored by Sen. Billy Beasley, D-Clayton. The “Community Pharmacy Relief Act” would support independent pharmacies statewide by creating more transparency and limiting the power of pharmacy benefit managers, was passed unanimously by a 102-0 vote. The Senate had already approved the bill on March 20. Rep. Phillip Rigsby, R-Huntsville, sponsored the legislation in the House and is …
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