In Featured, News by Ged Kenslea
July 28, 2021
Pharmacy Benefit Managers (PBMs), which began as a way to help patients access drugs they need, have spiraled out of control, with just 3 PBMs CVS Caremark, OptumRx and Express Scripts now controlling 75% of the US market
PBMs undercut and squeeze small community pharmacies some to the point of closure and activists want the federal government to protect pharmacies that protest PBMs’ abuse from retaliation or being carved out of their networks
WASHINGTON (July 28, 2021) In response to growing monopolistic behavior in the pharmacy and health care industries, particularly by pharmacy benefit managers (PBMs) where just three PBMs control 75% of the US market and strong-armed abuse of independent and mom and pop pharmacies is widespread AIDS Healthcare Foundation (AHF) is calling on the federal government to protect pharmacies that protest PBM abuses from retaliation or being carved out of their networks in any way.
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