Pharmacist lobby group: PBMs prioritize profits over medication affordability

The National Community Pharmacists Association released a new report highlighting how pharmacy benefit managers contribute to high prescription drug costs.

The report — which mirrors the format of a children's book — details the history of PBMs, how their role has changed over the years and how they affect high drug prices.

"[PBMs] morphed from something good and useful into large corporations intent on pursuing profits at the expense of quality patient care," NCPA writes in the report.

The document includes numerous statistics on drug prices and ends with several policy recommendations to help lower medication prices.

"We've created this resource to help our members tell the real story of PBMs," NCPA CEO B. Douglas Hoey said in a statement. "PBMs say they reduce drug prices and increase patient access, but the facts just don't bear that out. This new resource sets the record straight."

To view the full report, click here.

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