drug pricing

Florida Pharmacists Sounding the Alarm, Accuse PBMs of ‘Hijacking’ Health Care Spending

Florida Daily October 30, 2019 With Americans continuing to be impacted by the spiraling costs of health care, some neighborhood pharmacists across Florida have an idea to do something about the growing problem. Pharmacists across Florida have banded together to push for reforms to add more transparency to Pharmacy Benefit Managers (PBMs) which, the pharmacists insist, are driving up costs. PBMs originally came into existence to be a helpful “middle man” between pharmaceutical companies, insurers and local pharmacies. They were initially designed to control costs and negotiate savings which would allow pharmacists to spend more time advising customers, making deliveries when needed and working out payment arrangements for struggling patients. But in recent years, the PBM process has grown into a full-blown, multi-billion-dollar industry. As certain PBMs got bigger, they began gobbling up the smaller ones. Currently, a handful of PBMs control the overwhelming majority of the market nationwide. Many of these …

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Trump wants lower prescription drug costs. Florida lawmakers should make the market more competitive

The Capitolist October 9, 2019 President Donald Trump visited Florida last week, making a stop at The Villages, one of the highest concentrations of American citizens who depend heavily on prescription medications. During the stop, he highlighted one of his highest priorities: making prescription drugs affordable for all Americans. One of the fastest ways to make that happen requires bold action in Tallahassee, and it’s needed sooner rather than later, because independent pharmacies are closing all across the state of Florida, giving rise to large chains that dominate the market, restrict consumer choice, and remove competition from the price equation. Worse, current public policy is slowly, but inevitably encouraging a shift toward an eventual oligarchy controlled by a small number of major drug chains like CVS and Walgreens. That’s not going to help lower the cost of prescription medications. Nearly one-third of all Americans already get their drugs through one of …

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Forget Canada, Florida has a home-grown fix for Rx prices

Florida Politics March 5, 2019 Gov. Ron DeSantis recently pitched the idea of importing prescription drugs from Canada to help out Floridians getting raked over the coals during their monthly trip to the pharmacy. It sounds like a fine plan on its face, but there’s a loaf of logistics that need to be ironed out before Canuck capsule can be doled out to Florida patients. That’s not to say it couldn’t happen — the Department of Health and Human Services (HHS) has had the authority to allow importation from Canada for more than a decade — but it would take policy changes at the federal level in order to get the ball rolling. And that’s something the Trump Administration isn’t exactly keen on doing. Even if the seas parted and Canadian drugs started flowing to the Sunshine State, it may not produce the same savings as policy Florida can put in place without Washington’s help.  Continue …

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