ALEXANDRIA, Va. — The National Community Pharmacists Association issued the following statement on behalf of CEO B. Douglas Hoey reacting to the government’s response to litigation that would close a regulatory loophole allowing massive corporate middlemen to heap retroactive fees on local pharmacies:
“The retroactive fees that PBMs charge increased by 45,000 percent between 2010 and 2017. Moreover, they are imposed long after the point of sale, which creates significant cash-flow challenges for local pharmacies. HHS enabled this predatory behavior by inserting open-ended language into the final rule without public comment.
“This must end. We cannot allow massive corporations to exploit the rule in ways that destroy family-owned pharmacies, which are essential health care providers. That should be especially clear in the context of the COVID-19 pandemic, during which community pharmacies are delivering the vaccines to millions of Americans in parts of the country where there are very few other health care providers.”
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