Several national organizations have established the Coalition for PBM Reform, which seeks to alter the way pharmacy benefit managers operate to better serve patients, pharmacies and businesses.
The group stems from a common concern among patient advocates, doctors, pharmacies and small business groups that spread pricing, patient steering, and other PBM practices restrict access to drugs and increase costs, said Douglas Hoey, CEO of the National Community Pharmacists Association, one of the participating groups.
“We want others to understand the oversized influence that PBMs have and why they have such an influence in how prescription drugs are paid for and which ones are covered,” Hoey said.
Other coalition members include the Community Oncology Alliance, the Coalition of State Rheumatology Organizations, the AIDS Healthcare Foundation, The Food Industry Association and the National Federation of Independent Business.
Transparency and accountability