Letter: Reform needed to save independent pharmacies

Letter: Reform needed to save independent pharmacies

Independent pharmacies are being driven out of business and patients are being hit with increasing drug costs all because of a lack of oversight over the pharmacy benefit manager system, or PBM. PBMs were designed to help lower overall health care costs, but a lack of regulation and oversight has created an environment where they have an unfair monopoly over drug pricing. Currently 80% of U.S. prescription claims are controlled by just three PBM…