ICYMI: Senators Wyden and Crapo Join Forces to Advocate for PBM Reform, Support Pharmacists and Pharmacies
WASHINGTON, March 14, 2024 /PRNewswire-PRWeb/ -- On March 14, 2024, Senate Finance Committee Chair Ron Wyden (D-OR) and Ranking Member Mike Crapo (R-ID) were cheered on at a Capitol Hill press conference by pharmacists and pharmacy leaders from across the nation as the Senators committed to continuing to push for swift enactment of bipartisan pharmaceutical benefit manager (PBM) reforms. The reforms would finally address the manipulative practices of pharmaceutical middlemen that are depriving patients of prescription drug savings and forcing pharmacies out of business.
- Surrounded by more than 100 pharmacists and other pharmacy representatives with signs reading "PBM Reform Now," "Patients Can't Wait," and "Get it Done," Senators Wyden and Crapo stood together as bipartisan leaders and pressed the case for essential PBM reforms in Medicare and Medicaid.
- "The time for PBM reform was yesterday," said Sen. Wyden.
- "Certain pharmacy benefit manager practices continue to jeopardize the viability and financial stability of pharmacies, forcing far too many to close up shop," said Sen. Crapo.
- In the letter, Senators Wyden and Crapo emphasized that PBM reform must be a policy priority citing the impact of PBM practices on seniors, families and health providers.