Pharmacist Darius Russell, owner of Russell’s Pharmacy and Shoppe in Durham, hopes to stop losing money on helping patients.
Russell is an independent pharmacist, and he has little negotiating power with the middlemen that control the supply chain of prescription drugs. But change is coming.
The U.S. Supreme Court gave states the power to regulate the companies that negotiate between insurers and pharmacies, otherwise known as pharmacy benefit managers the jargon for middlemen. The court unanimously ruled in favor of Arkansas’ regulatory reforms Thursday, Dec. 10.
The ruling has cleared the way for more aggressive state regulations. Depending on who’s talking, the Supreme Court gave states the opportunity either to reform crony monopolies, or to empty consumers’ wallets.
Independent pharmacies welcome SCOTUS ruling on benefit managers
independenttribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independenttribune.com Daily Mail and Mail on Sunday newspapers.
Talk Business on KASU: AG Rutledge discusses PBM legal victory, reasons for challenging Presidential election
kasu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kasu.org Daily Mail and Mail on Sunday newspapers.