$17 million. That’s how much, according to the National Community Pharmacists Association(NCPA), the nation’s pharmacy benefit managers (PBMs) spent last year to defeat efforts to impose meaningful legislative reform. By comparison, NCPA says it spent “just five percent of what they did,” or $850,000.
Despite being grossly outspent, reform supporters came close to succeeding. Several PBM provisions were included within a “must pass” budget package considered by the U.S. Congress in the final days of the 2024 legislative session. But those provisions were stripped out in the 11th hour, essentially greenlighting PBMs to continue their modus operandi, and leaving the nation’s pharmacists to face another year of egregious, unfair PBM practices. Read More >
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