Reform Pharmacy Benefit Managers

I am your constituent and I want to make sure you know that pharmacy benefit managers are jacking up drug prices, and taking kickbacks to put drugs on insurance formularies. They use spread pricing (overcharging insurance companies or consumers) and squeeze pharmacists by forcing them to accept lower reimbursements in order to service a particular insurance plan’s customers. Overall this no longer serves the consumer at all. There are several bills in Congress addressing this. I strongly favor S. 1339, The Pharmacy Benefit Manager Reform Act. It is not perfect, but it is the best of the lot. It is comprehensive in that it applies to all commercial insurance, as well as government insurance. Another bill, S.2973 - The Modernizing and Ensuring PBM Accountability Act is also making it’s way through the Senate. It only applies to Medicaid and Medicare Part D drug plans. Not as good. I want reform and I want you to support S. 1339. If it is not going to come up for a vote then support S 2793. It’s a bandaid but we will take small steps as opposed to no steps in reform that we all deserve. Thank you.