NCPA to shine light on 'The Truth’

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Thursday, October 22, 2020

ALEXANDRIA, Va. (Oct. 20, 2020) — The National Community Pharmacists Association has launched a new campaign, “The Truth,” aimed at countering what it says is a big-money propaganda effort by the pharmacy benefit manager lobby to obscure their role in the high cost of drugs and the disappearance of neighborhood pharmacies. “PBMs are the middlemen responsible for managing prescription drug benefits for the majority of Americans, with the top three of them controlling 76% of all prescription drug business,” said NCPA CEO B. Douglas Hoey, pharmacist, MBA. “PBMs serve their own corporate interests, not those of patients or taxpayers. But patients and taxpayers have too much at stake to allow them to continue operating with little or no regulation.” Among the PBM tactics NCPA wants to shine a light on are PBM profiteering, patient steering and forcing small pharmacies with little negotiating power to close.