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.@ChuckGrassley and @SenBillCassidy: PDPRA makes important changes to the structure of the Part D program. Pharmacy Benefit Managers (PBMs), used by Part D drug plans, should be incentivized to control costs for patients.https://www.nationalreview.com/2019/10/prescription-drug-pricing-reduction-act-bipartisan-plan-make-prescription-drugs-affordable/ …
.@ChuckGrassley and @SenBillCassidy: But under the current system, when the cost of a medication rises above what is called the catastrophic level, the patient remains liable for 5 percent of the list price and the taxpayers for 80 percent.
.@SenFinance Chairman @ChuckGrassley and @SenBillCassidy: PDPRA ends this negative incentive by changing how the Part D program is structured, so PBMs have more incentive to negotiate the best deal.
We are the only country that utilizes PBMs and we have the highest drug costs. PBMs control our entire healthcare system. Our seniors should not have a processor selecting their medication based on the biggest kickback to the PBM. Eliminate PBMs and drug prices decrease.
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