SCPC: Abusive, Opaque PBM Pricing Schemes Receive More Attention Over Summer Congressional Recess
By a
A new state law signed by Governor
Meanwhile,
"Clawbacks levied retroactively on LTC pharmacies serving vulnerable seniors are both abusive and contribute to pharmaceutical pricing volatility," said
Rosenbloom noted that advancing the bicameral Improving Transparency and Accuracy in Medicare Part D Drug Spending Act (S. 413) will be an SCPC priority when
The SCPC leader also pointed to 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 Medicare) after the point of sale (called Direct and Indirect Remuneration or DIR) has far outpaced the growth in Part D drug costs. CMS reports DIR fees increased 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.
Keywords for this news article include: Medicare, Legal Issues, Health Policy,
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