Letters: PBM reform key to competition
April 7, 2022
To the editor:
As a local pharmacist, I have the distinct pleasure to interact with patients from all walks of life. One common factor among all of my patients is their reliance on familiar, nearby, reliable care. Unfortunately, entities known as Pharmacy Benefit Managers (PBMs) are threatening local pharmacies and putting many more out of business.
PBMs manage prescription drug programs on behalf of health plan beneficiaries and determine which pharmacies patients can use, what drugs are on patients’ formularies, and how much pharmacies get paid to dispense these drugs. In recent years,...