In Advance of Trump Drug Pricing Speech, National LTC Pharmacy Advocacy Group Praises Administration for Driving Reform Discussion
"To cut through the Beltway clutter, credit is due to the
"Secretary Azar, Administrator Verma, and Commissioner Gottlieb have not been shy about spotlighting provocative, big-picture, reform-minded observations -- and we believe this has contributed positively to the ongoing national debate," Rosenbloom continued. "By doing so, they have helped spur action by the relevant congressional committees such as
Rosenbloom expressed concern regarding the swift, dramatic round of mergers and acquisitions amongst insurance companies, pharmacy benefit managers (PBMs), distributors, providers and others resulting in worrisome consolidation and cross-market integration.
"Evidence is growing that these developments undermine quality of health care and use of the most effective medications for patients, while increasing out-of-pocket costs for consumers and government expenditures for health care," Rosenbloom noted. He pointed out that three PBMs administer more than 90% of prescriptions dispensed to seniors in the nation's long-term care facilities, and two of these companies may soon be parts of large national health insurance companies.
"Consumers in general and seniors, in particular, will benefit not just from enhanced congressional and regulatory scrutiny of each link in the drug supply chain, but also from the continued, informed discussion driven by the
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