The urgent calls for pharmacy benefit manager (PBM) reform are strong, sustained, broad-based, and bipartisan – and the National Association of Chain Drug Stores (NACDS) is painting a full picture for Congressional leaders negotiating the content of the final legislation of 2024.
NACDS President and Chief Executive Officer Steven C. Anderson said:
“More than two-thirds of voters say PBM reform is ‘must-pass legislation’ this year. Just over the past week, more than one-quarter of the U.S. House and one-third of the U.S. Senate have said as much on a bipartisan basis. Last weekend, President-elect Trump strongly emphasized PBM reform on Meet the Press. Earlier this year, the Biden Administration did so in a compelling White House event. Thirty-nine state attorneys general, in bipartisan fashion, have called for Congress to act on PBM reform. Evidence is pouring in from the U.S. House Oversight and Accountability Committee, from the Federal Trade Commission, from reporting in The Wall Street Journal and The New York Times, and far beyond. Pharmacies and pharmacists across all practice settings are speaking with one voice about the needed solutions. Congress has done the hard work and PBM reforms are ready to go, and the only thing that can stop meaningful progress now is inaction. Let’s get it done.”
