Kentucky
Kentucky lawmaker introduces federal bill to fight pharmacy benefit managers
WASHINGTON, D.C. — A Kentucky lawmaker is taking the fight for pharmacists to Washington.
Representative James Comer introduced the Pharmacists Fight Back Act on Thursday.
Kentucky already has a similar law in place that WKYT Investigates’ Kristen Kennedy has been following as the state works to get the law enforced.
Kentucky pharmacists may now get help on the federal level.
“Rarely does a day go by without hearing from my constituents in Kentucky who are struggling under the weight of soaring prescription drug costs,” Comer said. “The questions I’m consistently asked are, ‘why? Who is benefiting from the system? Why isn’t it patients?’ My response is the same each time. It’s the PBMs.”
Federal bill targets pharmacy benefit managers
Comer says pharmacy benefit managers have outgrown their role in healthcare. State legislators agreed when they passed Senate Bill 188 last year. The law was supposed to increase reimbursement rates for pharmacies and keep PBMs from steering patients to affiliated pharmacies.
The regulations are similar to what Comer wants to do on a federal level.
“Our oversight investigation, which culminated in a report last year with our findings and recommendations, found PBMs have largely operated in the dark,” Comer said. “PBMs have abused their positions as middlemen to line their own pockets by retaining rebates and fees, undermine our community pharmacists and pass along costs to patients at the pharmacy counter. It’s unacceptable, and Congress has a responsibility to act.”
If the act becomes law, it would affect pharmacies across the U.S.
Pharmacists in Kentucky are already seeing some advantages with the regulations placed on pharmacy benefit managers, but their biggest complaint is that the law isn’t being enforced.
That could change if the federal government gets involved. The Kentucky Pharmacists Association thinks Frankfort has a responsibility to act on the PBM law that passed in the state. They’re still asking the governor to make sure the Department of Insurance is enforcing the law in place.
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