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Congress Must Give Pharmacies Negotiating Power Against Pharmacy Benefit Managers…

Pharmacy Benefit Managers’ (PBMs) persistent under-reimbursement to independent pharmacies for Medicare D drugs threatens to destroy patient access to medication counseling and care. Since the Medicare D benefit began, many independent pharmacies have closed because PBMs have under-paid them to fill prescriptions at a loss to their businesses. The Association of Community Pharmacists Congressional Network (ACP*CN) urges Congress to pass H.R. 971, giving pharmacies collective bargaining rights under the US antitrust law to band together and negotiate fairer contract terms with PBMs.

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