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Tuesday, February 27, 2024

NAAG Urges Congressional Motion on Pharmacy Profit Managers Practices – CSU Regulation Library Weblog

photo of shelves in pharmacyThe Nationwide Affiliation of Attorneys Basic (NAAG) just lately despatched a letter to Congressional leaders urging them “to interact in significant debate and reform of the present practices of pharmacy profit managers (PBMs) and to take decisive motion to reform the way in which PBMs conduct enterprise and convey extra transparency to their work.”  The NAAG states “pharmaceutical consumers and sellers have little alternative however to make use of PBMs, permitting them to extract each monopoly income from people and monopsony income from the market.”  Written on behalf of 39 state attorneys normal, the NAAG letter urges “legislative motion to handle potential abuses inside the PBM business,” highlighting The DRUG Act (S1542/HR6283), Defending Sufferers towards PBM Abuses Act (HR2880), and the Decrease Prices, Extra Transparency Act (HR5378).

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