02/19/2025
(PLEASE SHARE) It’s legislative time in Alabama and two bills have been introduced to reel in Pharmacy Benefit Managers. These are the middlemen that act as a go between insurance companies and pharmacies. They continue to accumulate massive profits on the backs of the insured and small pharmacies. They say they hold down healthcare cost but that is simply not true. When has any entity that primary goal was to make money ever worried about controlling cost. These bills are trying to save small independent pharmacies that have very little power or control against these massive companies (three control 85% of industry) (one made 57 billlion dollars last year). If anyone cares about there pharmacy they need to help with these bills. A group claiming to be concerned citizens is claiming these bills will add 10 Dollars to every prescription. This is blatant FAKE NEWS at its best . NO MONEY WILL BE ADDED TO PRESCRIPTION PRICES. Please help the little guys. Call your legislators before powerful lobbyist backing these groups get to them like last year. Make insurance /PBMpay fair share to pharmacies and have accountability to consumers. An example of what bill is trying to do is combat spread pricing. Insurers pay for example 30 dollars for prescription to PBM and that PBM pays pharmacy 1.00 and pockets difference. That is correct acting as middlemen by government they can keep 29 dollars . I’ve been paid 90 cents for 90 tablets and I was suppose to use that to pay for bottle,label, overhead,etc. I’ve been in business almost 60 years and I’ve never seen such unfair abuse. Remember 1-3 pharmacies a day in US going out of business. Over 300 in Alabama in last few years. Support the bills. Help squash the lies . Do you want to help huge corporate executives or small hard working pharmacist. Below are current articles you can read. All in favor of pharmacy. Most other states already help pharmacist but Alabam has powerful lobbies supported by Blue Cross, CVS, and Alabama Power to name a few