Small-town pharmacies struggle to break even amid industry squeeze, urge lawmakers for PBM reform

Gov. Ivey signs bill regulating pharmacy benefit managers in order to help small pharmacies

Alabama Governor Kay Ivey on Tuesday signed a bill putting new regulations on pharmacy benefit managers in an effort to curb the closure of small pharmacies across the state.

California calls for ban to 'rein in' pharmacy benefit managers owning pharmacies. Here's why

Passing such a law would give consumers "more access to pharmaceutical care" at "more affordable prices," the attorneys general said.

Small-town pharmacies struggle to break even amid industry squeeze, urge lawmakers for PBM reform

One Iowa pharmacy has lost over $100,000 on prescriptions that were reimbursed for less than the actual cost of the drug.

Attorneys general want Congress to prohibit PBMs from owning affiliated pharmacies

They are concerned about conflicts of interest that allow PBMs to dominate health plan designs and distort the distribution and pricing of medicines.

Biosimilar Adoption, Legislative Action With PBMs: JC Scott

JC Scott, CEO and president of The Pharmaceutical Care Management Association, discusses current efforts in increasing biosimilar adoption and pharmacy benefit manager (PBM) reform.

Pharmacies sound alarm for PBM reform

The black dots represent pharmacies and the yellow represents risk of pharmacy deserts. Pharmacies across Iowa are closing at an alarming rate with 29 closing in 2024, creating pharmacy deserts. A bill in the state legislature could slow down or reverse that trend. The culprit is Pharmacy Benefit Managers (PBMs) that negotiate with drug companies and insurance companies on pricing of drugs and how much is paid to the pharmacies for prescriptions…