Time for transparency in prescription drug marketplace

Local pharmacists play a vital role in America’s neighborhoods and communities—particularly in more rural areas in Northeast Georgia. They provide unparalleled guidance, assistance and resources for families, including my own. Today however, community pharmacists routinely incur losses of approximately $100- or in some cases much more- on individual prescriptions because insurance middlemen, known as pharmacy benefit managers (PBMs), reimburse pharmacies well below their cost to acquire and dispense generic prescription drugs that have skyrocketed in price. The PBMs may wait weeks or months to update the reimbursement benchmarks they use to compensate pharmacies while drug prices increase virtually overnight. This situation jeopardizes pharmacists’ ability to continue to serve patients because it leaves community pharmacies with unsustainable losses. Preserving patient access to pharmacies is one of my top priorities in Congress.  Read more