Dave Falk
7.7K posts
$615,000,000 That’s how much a federal audit says #PBMs overcharged a government health program. And this happened under a “transparent” model. Reform isn’t optional anymore. #PBMReform #PharmacistsFightBackAct ow.ly/ry7i50YwZu2
PUTT praises the introduction of the Rx ACCESS Act, bipartisan legislation sponsored by U.S. Senators Tom Cotton (R-AR) and Tim Kaine (D-VA) that would strengthen pharmacy access for TRICARE beneficiaries. Read full press release: bit.ly/4cWb0L5
A bill to ban Insurance companies/PBMs from also operating pharmacies in Tennessee is winding its way through the legislature. @TNPharmacists CEO Anthony Pudlo is fighting it out in the trenches. “It’s a little disheartening to see that CVS is choosing their PBM business over their pharmacies,” said @pudlo. Read the full article: bit.ly/3PDKFHM
Americans who are fed up with big chains and mail-order pharmacies should know there’s personalized, friendly service waiting for them at a nearby independent community pharmacy — and today, NCPA is launching a multi-million-dollar, multi-year advertising campaign to highlight just that! “We want Americans to rediscover their local, family-owned pharmacy, where they will get a much better experience and state-of-the-art health care,” says NCPA President Kristen Riddle. In our satirical commercials like “What I Love About Chain Pharmacies” and “What I Love About Mail Order,” customers heap ironic praise on all the wrong things before their scenarios are juxtaposed with other patients receiving care at their independently-owned community pharmacy. These ads and others will splash across national television over the next two weeks and then move to local cable, streaming TV, social media and online sites. 🔗 Learn more: ncpa.org/neighbors-not-… 🔗 Read our news release: ncpa.org/newsroom/news-…
Tell me you are a politician without telling me you are a politician. Want to cut the price of brand medications and specialty drugs ? (Generics are already cheaper here than most other countries. ) Work with brand manufacturers to sell through distributors at their net price. The manufacturers would make the exact some money. Maybe more. The 3 wholesale distributors , ( that control more than 90pct of the market and are working as fast as they can to be vertically integrated) , can add the same margin and float dollars to the net cost of those drugs when they sell to pharmacies, clinics and others. Pharmacies, when they buy from those wholesalers at net price plus, can buy at substantially lower prices than they do now. Saving their cash flow. Allowing them to expand inventories for patients and most importantly, sell to PATIENTS AT THEIR COST PLUS A COMPETITIVE MARGIN This would save patients billions of dollars. Where would the savings come from ? PBMs, the insurance companies that own them, or that they own, and employers that keep their rebates. One single step makes all of this possible. Some may say the PBM settlements and laws that introduce Point of Sale Rebates to patients will change all of this. It won’t. All the power remains with the PBMs. They negotiate , collect, hold, late pay, and clawback those rebates. What could possibly go wrong ? Unless the legislation requires that brand meds be sold at net, it’s not going to have a major impact. The PBMs/Insurance companies will game the system Fair drug pricing requires legislation, not executive orders thehill.com/opinion/health…
📰 "As pharmacy closures accelerate, the cost of inaction becomes increasingly severe. When a pharmacy closes, patients lose access, communities lose a trusted healthcare provider, and small businesses disappear," says Brian Clark, CEO of @yourSCPhA. "South Carolina can protect patient choice and stabilize access to care by advancing meaningful pharmacy benefit manager reform, starting with H.4791 and S.342. Delay is not an option." We couldn’t agree more. PBM practices are driving pharmacy closures, limiting patient choice, and undermining access to care across South Carolina — particularly in rural and underserved communities. Now is the moment for state leaders to act and deliver real PBM reform that protects patients, preserves local pharmacies, and strengthens the healthcare infrastructure communities rely on every day. #PBMReform Check out the full column 👇 postandcourier.com/opinion/commen…
