SCPC Backs Bipartisan Senate, House Bills to Eliminate Retroactive PBM Middlemen Fees on Patients, LTC Pharmacies, Medicare Program
S. 413, introduced by Sens.
S. 413 sponsors are Sens.
H.R. 1038 sponsors are Reps.
"We strongly support the bipartisan, bicameral effort to crack down on PBMs' ability to reach into the pockets of elderly patients and LTC pharmacies weeks and even months following a prescription drug transaction," Rosenbloom said. "We will be working in the coming weeks with the sponsors and cosponsors of both bills to explain in more detail how PBM middlemen wrongly siphon resources from patients, providers and the
Rosenbloom noted the bill introductions follow a
CMS data show that since 2010, the growth in rebates or concessions paid by drug companies or pharmacies to PBMs or managed care plans (in addition to the lump sum payment plans received from
The SCPC is the national association for independent LTC pharmacies. Our member pharmacies provide care and services to patients in LTC facilities in across the country occupying approximately 675,000 beds across the country. Visit us at www.seniorcarepharmacies.org to learn more.
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