Proposed legislation would expose longtime bad actors in prescription drug supply chain
AIDS Healthcare Foundation (AHF), the world’s largest HIV and AIDS healthcare provider, issued the following statement in support of U.S. Senators Bernie Sanders’ (I-Vermont) and Bill Cassidy’s (R-Louisiana) proposed bill targeting pharmacy benefit managers’ bad practices:
“AHF welcomes the introduction of Senator Sanders’ and Senator Cassidy’s bill to pull back the curtain on the very secretive practices of pharmacy benefit managers (PBMs). For too long, PBMs have exploited their privileged position in the prescription drug supply chain, acting as money-grubbing middlemen. PBMs negotiate in bad faith with employers, health insurers, and public sector entities. This legislation will shine a light on PBMs corrupt practices and force them to show how they are pocketing rebates to benefit their bottom lines rather than improving health outcomes. It is a bipartisan transparency bill that requires all discounts to go to reducing patient cost, targets forced mail-order, and scrutinizes subsidiary collusion.”
About AHF
AIDS Healthcare Foundation (AHF), the world’s largest HIV/AIDS healthcare organization, provides cutting-edge medicine and advocacy to more than 1.75 million individuals in 45 countries in the US, Africa, Latin America/Caribbean, the Asia/Pacific Region, and Eastern Europe. To learn more about AHF, visit us online at AIDShealth.org, find us on Facebook, follow us on Instagram and Twitter, and subscribe to our Ahfter Hours podcast.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230425006137/en/
AHF welcomes Senator Sanders’ & Senator Cassidy’s bill to pull back the curtain on the secretive practices of PBMs. For too long, PBMs have exploited their privileged position in the prescription drug supply chain, acting as money-grubbing middlemen.
Contacts
Jacki Schechner, AHF, +1.310.633.0547cell jacki.schechner@ahf.org
Ged Kenslea, AHF, +1.323.791.5526 cell ged.kenslea@ahf.org
