ALEXANDRIA, Va. (Oct. 20, 2020) — The National Community Pharmacists Association today launched a new campaign, “The Truth,” aimed at countering a big-money propaganda effort by the pharmacy benefit manager lobby to obscure their role in the high cost of drugs and the disappearance of neighborhood pharmacies.
“PBMs are the middlemen responsible for managing prescription drug benefits for the majority of Americans, with the top three of them controlling 76 percent of all prescription drug business,” said NCPA CEO B. Douglas Hoey, pharmacist, MBA. “They decide what medicines patients can take, where they must get them, and how much they pay. These mega-middlemen have merged with large insurance companies and now play a huge role in our health care system, and they manipulate that very system so they can operate largely behind the scenes and skirt scrutiny. PBMs serve their own corporate interests, not those of patients or taxpayers. But patients and taxpayers have too much at stake to allow them to continue operating with little or no regulation.”
NCPA’s “The Truth” campaign will expose these and other PBM tactics: