NACDS Defines PBM Reform for Senate Commerce Committee Hearing

By Reeves Simmons.
Updated Feb 16, 2023

ARLINGTON, Va. (PRWEB) February 16, 2023 - With increasing bipartisan focus on pharmacy benefit managers (PBM) tactics that harm patients and the pharmacies that serve them, the National Association of Chain Drug Stores (NACDS) is defining the solutions for comprehensive reform.

We look forward to continuing to work with Congress to stop the manipulation by PBM go-betweens that increases patients medication costs, limits patients choice of pharmacies, and restricts access to medicines that are right for them, wrote NACDS President and CEO Steven C. Anderson in a statement for todays U.S. Senate Committee on Commerce, Science, & Transportation hearing, Bringing Transparency and Accountability to Pharmacy Benefit Managers.

NACDS detailed policy recommendations to increase transparency and ensure comprehensive reform of harmful PBM practices:

Help to Preserve Patient Access to Pharmacies by Addressing PBMs Retroactive Pharmacy Fees

Provide Fair and Adequate Payment for Pharmacy Patient Care Services

Protect Patient Choice of Pharmacies

Enforce Laws to Stop PBM Manipulation and Protect Pharmacies and Patients

More information about the implications of current pharmaceutical benefit manipulation is available in a 100-second explainer video and a two-page document by NACDS.