Oct
House Committee supports Community Pharmacy Fairness Act
The Community Pharmacy Fairness Act is now out of Committee. In filing their committee report, the Congress House Judiciary Committee has noted strong support for H.R. 971, the Community Pharmacy Fairness Act of 2007.
The purpose of this bill is to ensure and foster continued patient safety and quality of care by making the antitrust laws apply to negotiations between groups of independent pharmacies and health plans and health insurance issuers (including health plans under parts C and D of the Medicare Program) in the same manner as such laws apply to protected activities under the National Labor Relations Act
The National Community Pharmacists Association has applauded saying:- “The more than 23,000 independent pharmacies in America are grateful that the House Judiciary Committee reported out H.R. 971, which is a milestone in this long-standing effort. This bill provides the fairness and access to prescription drug services that are being jeopardized by a system that is out of whack as a result of the unfettered power pharmacy benefit managers (PBMs) wield over independent pharmacies in dictating reimbursement rates and patient care provisions.”
“H.R. 971 rectifies the imbalance by providing much needed regulatory relief for independent pharmacies in competing with larger pharmacy retailers. It gives independent pharmacies the ability to level the playing field with PBMs by allowing them to pool together to negotiate fairer terms in these contracts. By creating real competition at the retail level, consumers win with more choices and a higher quality of service and care.”
“Independent pharmacists believe their situation is quite different from the normal competitive marketplace: here small, independent businesses must compete directly with much larger companies at the retail level, with all the retailers reimbursed by a few large middle-men instead of the consumer. Of further concern is that one of the largest competitors also owns one of the largest PBMs.”
The National Community Pharmacists Association, represents American community pharmacists which dispense almost 50% of the US retail prescription medicines.