By John Norton
Support keeps growing for greater transparency from Pharmacy Benefit Managers (PBMs), something NCPA has long championed. Most recently, the National Rural Health Association sent a [letter to Senate Finance Committee Chairman Max Baucus] asking him to ensure final Senate health reform legislation includes common-sense PBM disclosure requirements. Their support comes on the heels of 37 groups representing consumer, labor and Medicare beneficiaries expressing their support for PBM transparency in health reform.
NRHA is dedicated to ensuring that the estimated 62 million rural Americans have access to quality health care. Independent community pharmacies are a critical link in the rural health care chain.
NRHA cites reduced drug costs when PBMs allow for further disclosure of pricing. NRHA agrees that “PBMs are driving up health care costs by billing plan sponsors much more than they reimburse pharmacies and keeping large shares of manufacturer rebates, among other practices. We need to ensure our rural patients receive the drugs they need at a fair price.” According to NRHA, health plans can confirm PBMs are focusing on what is best for patients if all information is disclosed. The shield of secrecy allows PBMs to charge what they want without health plans knowing they are getting the lowest price.
You can read the full letter here.