ALEXANDRIA, Va. (June 2, 2023) – A new survey released by the National Community Pharmacists Association indicates that a strong majority of independent community pharmacy owners/managers are concerned about upcoming cash flow challenges resulting from changes to federal policy effective Jan. 1, 2024. Many respondents say they are working now to prepare, but there remains palpable fear that pharmacy closures are a real possibility.
Starting in 2025, Part D patients can elect to have cost-sharing “smoothed” out over the course of the benefit year under the Inflation Reduction Act and can elect to pay their cost-sharing in monthly installments. Out-of-pocket costs for Medicare Part D beneficiaries will be capped at $2,000 per year in plan year 2025. In subsequent years, the $2,000 threshold will be increased at the rate of growth for the Part D program.
NCPA Applauds House Committee Approval of PBM Reform Provisions ncpa.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ncpa.org Daily Mail and Mail on Sunday newspapers.
You might have seen some recent efforts on Capitol Hill to put PBMs in the spotlight after years of meddling in the lives of pharmacists and compromising the integrity of our health care system for millions of patients each year.
Anne Cassity, JD, senior vice president of Public Affairs at the National Community Pharmacists Association discusses congressional and lawmaker trends on pharmacy benefits manager reform with guests, Adam Harbison and Kaite Krell.