NCPA disputes 'bogus' PCMA study

May 14, 2007

NCPA has issued a sharply worded statement disputing a PCMA study that asserted that the Community Pharmacy Fairness Act of 2007 would increase Medicare Part D drug costs nearly $30 billion over five years. The act, which was introduced in the House of Representatives and has 124 cosponsors, would allow independent pharmacies to negotiate collectively with PBMs.

NCPA has issued a sharply worded statement disputing a PCMA study that asserted that the Community Pharmacy Fairness Act of 2007 would increase Medicare Part D drug costs nearly $30 billion over five years. The act, which was introduced in the House of Representatives and has 124 cosponsors, would allow independent pharmacies to negotiate collectively with PBMs. The PCMA study asserts that "current PBM practices reduce costs while leaving independent pharmacies profitable." According to NCPA CEO Bruce Roberts, "The report's figures are nothing more than an attempt by PBMs to put Congress and the public on notice that they intend to hold American taxpayers hostage if attempts are made to reform the PBMs' anticompetitive business practices."

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