Senior-Care Pharmacies Oppose Pharmacy Concession Proposal

By John Wilkerson / February 18, 2022 at 1:46 PM
Contrary to independent retail pharmacies, long-term care pharmacies oppose CMS’ proposal to make Part D plans give concessions they receive from network pharmacies to beneficiaries at the point of sale. Senior Care Pharmacy Coalition President and CEO Alan Rosenbloom said the proposed policy would legitimize what he called illegitimate fees, and it might backfire. CMS says pharmacy concessions grew 100,000% over a decade, from $8.9 million in 2010 to $9.5 billion in 2020. Rosenbloom said the pharmacy benefit managers that...

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