Rep. Jackie Toledo Announces New Legislation Aimed at Lowering Drug Costs for Patients, Ending “Middlemen” Drug Pricing Exploitation
For Immediate Release
New law by first woman legislator to take on PBM abuse would help make prescriptions more affordable at point of purchase; prohibit secret practices that drive up drug prices and force closure of community pharmacies
TAMPA, FL (December 17, 2019) --- Pharmacists United for Truth and Transparency (PUTT) applauds Florida state representative Jackie Toledo, who today unveiled new draft legislation aimed at reducing prescription drug costs for patients at the pharmacy counter by outlawing certain secret practices of pharmacy benefit managers (PBMs) - the “middlemen” who act as intermediaries between a patient’s health plan and their pharmacy.
Rep. Toledo’s bill, entitled the “Prescription Drug Cost Reduction Act” would provide immediate relief for patients, health plan sponsors/payers, pharmacy providers and Florida taxpayers by:
Bad practices have resulted in the closure of hundreds of Florida community pharmacies, which have left some of the state’s most vulnerable populations and those living in rural areas with fewer options for filling their prescriptions, a problem Ms. Toledo’s bill would ultimately fix.
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