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NCPA Applauds Rep. Weiner for Introducing Bill to Rein in Pharmacy Benefit Manager Practices That Hurt Patients, Plan Sponsors and Community Pharmacies
Date:5/6/2010

ALEXANDRIA, Va., May 6 /PRNewswire-USNewswire/ --The National Community Pharmacists Association today endorsed H.R. 5234, the PBM Audit Reform and Transparency Act of 2010, which would aim to reduce health care costs by requiring greater transparency of pharmacy benefit managers (PBM) -- the largely unaccountable giant prescription drug plan administrators, such as CVS Caremark, Express Scripts, Inc. and Medco Health Solutions, Inc.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20100106/DC33253LOGO )

Introduced by U.S. Representative Anthony Weiner (D-N.Y.), H.R. 5234 would limit ownership conflicts of interest, discourage abusive pharmacy auditing practices, and require greater PBM disclosure with patients and plan sponsors.

"This legislation would begin to rein in many of the dubious and opaque PBM practices that pad their burgeoning profits at the expense of patients, plan sponsors and local pharmacists," said Joseph H. Harmison, PD, NCPA president and pharmacy owner in Arlington, TX. "If this bill is enacted, PBMs would find it much harder to pad profits through hidden costs, to steer patients away from their pharmacy of choice and towards PBM mail order pharmacies and to punitively audit pharmacies. Ultimately, this proposal's about fixing the complex, broken system that PBMs have put in place to make billions of dollars while leaving patients and health plan sponsors paying the bill and scratching their heads."

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SOURCE National Community Pharmacists Association
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