News & Updates

National, Georgia LTC Pharmacy Leaders Praise U.S. Reps. Doug Collins, Buddy Carter Leadership in Taking on Unaccountable Pharmacy Benefit Manager (PBM) Drug Pricing Middlemen

As escalating drug prices have increasingly roiled consumers throughout Georgia, national and state Long Term Care (LTC) pharmacy leaders today praised the vigorous, persistent and effective efforts of U.S. Reps. Doug Collins (R-GA) and Buddy Carter (R-GA) in taking on the increasingly controversial Pharmacy Benefit Manager (PBM) middlemen…Read More

UNDERSTANDING THE HIDDEN VILLAIN OF BIG PHARMA: PHARMACY BENEFIT MANAGERS

Newsweek
In the past few months, four bills have been introduced in Congress calling for transparency in prescription drug pricing…Read More

Wyden “C-Thru” Bill Helps Pull Back Curtain on Duplicitous PBM “Rebates,” Suspect Pricing Schemes, Related Anti-Competitive Behavior

Noting a torrent of bipartisan legislation recently introduced requiring Pharmacy Benefit Manager (PBM) drug middlemen to pull back the curtain on veiled, opaque pharmaceutical pricing practices, the Senior Care Pharmacy Coalition (SCPC) today backed Sen. Ron Wyden’s (D-OR) “Creating Transparency to Have Drug Rebates Unlocked Act” (C-THRU) bill…Read More

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

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