News & Updates

SCPC Looks Forward to Working with CMS Administrator Seema Verma to Hold PBMs Accountable for Opaque, Controversial Drug Pricing Practices

Following U.S. Senate confirmation of Seema Verma as the new Administrator of the Centers for Medicare and Medicaid Services (CMS), the Senior Care Pharmacy Coalition (SCPC) praised her approval and said the Long-Term Care (LTC) Pharmacy advocacy group looks forward to working with her to hold Pharmacy Benefit Managers (PBMs) more accountable for the opaque, controversial pricing practices that have spurred Congress to propose multiple legislative remedies to do so…Read More

Reform Pharmacy Benefit Managers (PBMs) to improve pharmaceutical affordability

Forbes
After years of quietly gaining power, PBMs are coming under heightened public and congressional scrutiny. And, for good reasons…Read More

SCPC Praises Collins/Loebsack Bill Boosting Generic Prescription Drug Payment Transparency

In praising U.S. Reps. Doug Collins (R-GA) and Dave Loebsack (D-IA) for introducing the Prescription Drug Price Transparency Act (H.R. 1316), Senior Care Pharmacy Coalition (SCPC) President and CEO Alan G. Rosenbloom observed that the nation’s drug pricing middlemen — Pharmacy Benefit Managers (PBMs) — are rightly facing a growing barrage of criticism from a widening group of bipartisan lawmakers demanding answers about rising prescription drug prices, and the practices driving increases……Read More

Here’s how a $50 drug ends up costing you $700 in America’s healthcare system

Business Insider
Pharmacists around the country are agitated. For years they’ve been watching their customers struggle to pay for prescription drugs, even when they have generic or over-the-counter alternatives. These drugs are supposed to treat simple, everyday ailments, like acid reflux and heartburn…Read More

PBMs Swimming Against Rising Tide of More Drug Pricing Transparency

Morning Consult
Amid the public uproar surrounding skyrocketing drug prices, Pharmacy Benefit Managers — the pharmaceutical industry’s primary middlemen — are attracting new scrutiny from key members of Congress increasingly disturbed by benefit managers’ complex array of surreptitious pricing practices and protocols…..Read More

Drug Costs Too High? Fire the Middleman

Bloomberg
A decade ago, Caterpillar Inc. looked at its employee drug plan and sensed that money was evaporating. The bills for pills had increased inexorably, so the company started to rein in its pharmacy benefit manager, or PBM…Read More

SCPC Praises Sen. Sherrod Brown for Raising Key LTC Pharmacy Concerns Regarding Controversial PBM Pricing Practices

Washington, DC — In conjunction with questions directed to Centers for Medicare & Medicaid Services (CMS) Administrator-nominee Seema Verma from members of the Senate Finance Committee, the Senior Care Pharmacy Coalition (SCPC) today praised Sen. Sherrod Brown (D-OH) for raising key issues of concern to the nation’s long term care (LTC) pharmacy sector…..Read More

SCPC Backs Bipartisan Senate, House Bills to Eliminate Retroactive PBM Middlemen Fees on Patients, LTC Pharmacies, Medicare Program

Washington, DC — The Senior Care Pharmacy Coalition (SCPC) today backed legislation introduced in the U.S. Senate and House of Representatives that will curtail the ability of drug industry middlemen — Pharmacy Benefit Managers (PBMs) — from extracting retroactive direct and indirect remuneration (DIR) fees in transactions with patients, long term care (LTC) pharmacies and the Medicare program….Read More

Atlanta Business Radio Interviews SCPC Vice-Chairman Fred Burke

Listen to SCPC Vice-Chairman Fred Burke on Atlanta Business Radio discuss the vital role of Long-Term Care Pharmacies and how veiled pricing practices by PBMs are affecting patients……Read More

SCPC Praises Rep. Doug Collins’ Mission to Spotlight PBMs — “Drug Industry’s Middlemen”

Washington, DC — Commenting on new reporting in Axios noting that U.S. Rep. Doug Collins (R-GA) and others in Congress “are ready and willing” to shine a light on non-transparent Pharmacy Benefit Manager (PBM) pricing practices, the Senior Care Pharmacy Coalition (SCPC) today praised Collins’ intent to reintroduce and add items to his 2015 bill (H.R. 244 — Mac Transparency Act), which would require “greater transparency of the rebates, fees and costs” tied to PBMs….Read More

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