ICYMI: Congress reduced prescription drug costs. Let’s do it again
- 7 days ago
- 1 min read
(The Washington Times) - - Opinion by U.S. Rep. Buddy Carter (R-GA)
The PBM Reform Act, which I introduced earlier this year with a bipartisan group of colleagues, reins in pharmacy benefit managers (PBMs). The top three PBMs process nearly 80% of all prescription drugs dispensed by pharmacies. These PBMs have been manipulating drug prices and restricting access to affordable medication for their own financial benefit for decades. With this legislation, we took measurable steps to address the root causes of predatory practices that are negatively affecting Americans’ health and bank accounts...