Home » NEWS » Health » Pharmaceutical association's ads target state lawmakers

Pharmaceutical association's ads target state lawmakers

WASHINGTON — A new ad campaign by the Pharmaceutical Care Management Association (PCMA) “warns Mississippi legislators that SB 2445 would increase healthcare costs by granting the State Board of Pharmacy (instead of the State Insurance Commissioner) authority to regulate pharmacy benefit managers (PBMs).”

This power transfer would create a conflict of interest since the board members are pharmacists, a group which contracts with PBMs and could financially benefit from the policies they set, the PCMA said.

“Letting pharmacists regulate those who negotiate their payments is a conflict of interest and will increase health care costs for consumers and employers,” said PCMA president and CEO Mark Merritt. “This ad campaign should give Mississippi legislators second thoughts about passing a law that lets the ‘fox guard the henhouse’ and in turn undermines health care cost savings for consumers and employers.”

Source: Pharmaceutical Care Management Association

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About For the MBJ

Leave a Reply

Your email address will not be published. Required fields are marked *

*