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News
Feb 6, 2024
2024: A Pivotal Year in Curbing Pharmacy Costs
2024 stands at a critical juncture in the battle against soaring pharmacy costs. In 2023, prescription drug costs rose by 8.4%, a 31%...
Feb 2, 2024
LANKFORD CALLS FOR ANSWERS IN CVS’ ATTEMPT TO BLOCK ACCESS TO LOW-COST PRESCRIPTIONS
Senator James Lankford (R-OK) sent a letter to the President and CEO of CVS Health Karen Lynch and Executive Vice President of CVS Health...
Jan 24, 2024
Grassley, Cantwell Lead Renewed PBM Accountability Push
Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Wash.) are leading 12 of their colleagues in urging the Federal Trade Commission...
Jan 19, 2024
1 big thing: Employers in the dark
Employers are facing stronger legal requirements to ensure they aren't wasting their workers' money on overpriced health insurance, at...
Jan 17, 2024
Congress to PBMs: Reality Bites
If you think bipartisanship is hard, it’s even harder when it comes to healthcare. But there’s one thing nearly everyone agrees on –...
Dec 20, 2023
PBM Accountability Project Statement on Centers for Medicare & Medicaid Services Letter Warning Seniors About PBM Practices
The Centers for Medicare & Medicaid Services recently issued a letter to pharmacy benefit managers (PBMs), Medicare Part D Plans,...
Dec 13, 2023
Senator Chuck Grassley: Competition Is What's Needed to Break Drug Pricing Fever | Opinion
Decades of drug price inflation have reached a fever pitch that finally has lawmakers in both political parties itching for action. But,...
Dec 7, 2023
E&C approves PBM, Medicare coverage bills
The House Energy and Commerce Committee teed up a series of health bills for floor votes during a marathon markup on Wednesday afternoon....
Dec 1, 2023
Without Comprehensive PBM Reform, Patient Health Outcomes Will Suffer
As patients faced both high rates of inflation and record high costs at the pharmacy counter, President Biden signed the Inflation...
Nov 28, 2023
PBM Accountability Project and Nearly 50 Stakeholder Organizations Urge Congress to Pass PBM Reforms
Legislation will rein in the profiteering, anticompetitive and anti-consumer practices of PBMs, creating price transparency, making...
Nov 22, 2023
Expert: Working Together, Sharing Information Is Crucial to PBM Reform
In an interview with Pharmacy Times, Cheryl Larson, president and CEO of the Midwest Business Group on Health, discussed the employers’...
Nov 20, 2023
Health Insurers and PBMs Should Brace for a Copay Programs Shift
A federal court decision that struck down expanded use of copay accumulator programs should prompt health insurers and pharmacy benefit...
Nov 16, 2023
Eliminating Anticompetitive PBM Practices Are Free Market Reforms
The current drug pricing market is malfunctioning, an obvious conclusion to anyone who is paying attention. But why? Like much of the...
Nov 16, 2023
House panel passes PBM reforms, ratcheting up chance for passage
WASHINGTON — Panels in both the House and Senate have now passed restrictions to drug middlemen business practices, increasing the...
Nov 15, 2023
Physician entrepreneurs, policy reform can help small businesses navigate rising health care costs
As we approach the end of the year, businesses are facing a 10-year high health care cost hike. While ballooning prices affect all...
Nov 13, 2023
PBM Accountability Project Statement on Introduction of H.R. 6283
U.S. Representatives Mariannette Miller-Meeks (IA-01), Nanette Diaz Barragán (CA-44), Lori Chavez-DeRemer (OR-05), Kathy Manning (NC-06),...
Nov 9, 2023
Senate Finance Committee targets PBM reform in new legislation
In a unanimous 26-0 vote, the Senate Finance Committee passed a comprehensive draft package this week that puts pharmacy benefit manager...
Nov 8, 2023
Senate Finance unanimously advances PBM, mental health bill
The Senate Finance Committee today unanimously advanced a broad legislative package addressing mental health, PBMs and Medicare payment...
Nov 8, 2023
PBMs: When Competition Does Not Benefit Consumers
In recent years, the practices of pharmacy benefit managers (PBMs), initially formed to foster competition in the pharmaceutical market...
Oct 30, 2023
PBMs run media blitz calling out practices of their peers, telling policymakers reforms can cut cost
A group of pharmacy benefit managers (PBMs) has split off from the pack, launching a “six-figure digital media campaign” to make the case...
Oct 17, 2023
CMS' Proposed Drug Pricing Transparency Rule Impacting PBMs And Other PBM Updates
The United States Centers for Medicare & Medicaid Services ("CMS") has proposed new rulemaking (88 FR 34238) to increase drug price...
Oct 14, 2023
How the secrecy of middlemen inflates drug prices
Most Americans believe drugs cost too much and big pharma is to blame. That powerful political sentiment undergirds Medicare’s new...
Oct 3, 2023
Transparency Is The Cure For What Ails American Health Care
A government shutdown has been averted—for now. Congress approved a continuing resolution this weekend that funds the government through...
Oct 3, 2023
Court strikes down Trump-era rule that allowed health insurers to broadly use copay accumulators
A U.S. judge has struck down a Trump administration rule that allowed health insurers not to count copay assistance offered by drug...
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