SCPC Applauds President Trump’s Executive Order Calling on HHS and Congress to Improve the IRA, Rein In PBMs and Lower Drug Costs
The Senior Care Pharmacy Coalition (SCPC), the leading national voice for the long-term care (LTC) pharmacy community, released the following statement applauding President Trump’s recent Executive Order aimed at improving the Inflation Reduction Act (IRA), lowering drug prices and addressing the harmful actions of PBMs.
“For far too long, pharmacy benefit managers (PBMs) have taken advantage of the lack of transparency in our healthcare system, establishing monopolistic control over the delivery of pharmacy services and significantly increasing what Americans pay for prescription medications. Anticompetitive PBMs practices have created a healthcare crisis, threatening the survival of pharmacies, including those that provide essential services to millions of patients in long-term care.”
“We commend President Trump’s efforts to address harmful PBM behavior by restoring competition, ensuring fair contracting and promoting transparency in our healthcare system. We encourage leaders in Congress—especially those who have already been championing PBM reform—to heed the President’s call for action and deliver meaningful reform that protects LTC pharmacies and the millions of seniors they serve.”
“LTC pharmacies are uniquely impacted by both aggressive PBM actions and recent Medicare Part D drug pricing policy changes included in the Inflation Reduction Act (IRA) that threaten the viability of many essential pharmacies across the country. The current Medicare pharmacy payment model is broken and forces LTC pharmacies to dispense medicines at a loss while PBMs and Part D plans reap massive profits. This problem will only worsen when new Medicare negotiated drug prices take effect in January 2026.”
“While there are many details for Congress to consider, Members must quickly follow through on President Trump’s Executive Order to protect seniors’ access to medicines and essential pharmacy services. We look forward to working with the White House, HHS and Congressional leaders to establish meaningful policy solutions that ensure the continued delivery of quality long-term care, support continued pharmaceutical innovation and protect the needs of America’s most vulnerable patients.”
Statement should be attributed to Alan Rosenbloom, President and CEO of SCPC.
###
Recent Posts
-
NCPA Advocates for Medicare Drug Price Negotiation Program Overhaul Due to Pharmacy Cash Flow
With its initial rollout beginning in 2026, the Medicare Drug Price Negotiation Program has caused significant strain on the cash flow of independent pharmacies.
The National Community Pharmacists Association (NCPA) is sounding the alarm over the federal government’s implementation of the Medicare Drug Price Negotiation Program (MDPNP) after a recent survey of its members revealed significant financial distress, according to a news release.
-
Pharmacies To Face Low Cash Flow For MFP Drugs Until Fixes Emerge
A bill introduced last year aiming to ensure long-term care (LTC) pharmacies can continue to supply and dispense Medicare Part D drugs despite lower prices resulting from the price negotiation program will need to be tweaked to ensure the intended relief is retroactive, according to Alan Rosenbloom, executive director of the Senior Care Pharmacy Coalition (SCPC).
-
SCPC Applauds Inclusion of PBM Reform in Recent Spending Package Approved by U.S. House & Senate
The Senior Care Pharmacy Coalition (SCPC), the leading voice for the nation’s long-term care (LTC) pharmacy community, released the following statement about the passage of PBM reform: “SCPC applauds the passage of bipartisan pharmacy benefit manager (PBM) reform legislation by both the U.S. House and Senate, marking a significant step toward greater transparency, accountability, and fairness in the prescription drug marketplace. These […]
Stay in the Know
Get the latest news and updates on issues impacting the long-term pharmacy community.