LUBBOCK, Texas — Over 400 pharmacy professionals went to the Texas State Capitol, urging lawmakers to take action against pharmacy benefit managers (PBM). These middlemen, who control prescription drug reimbursements, are accused of driving up costs for patients and forcing neighborhood pharmacies out of business, with one pharmacy closing every week in Texas over the past two years.
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The group called for new laws requiring PBM to be more transparent in their contracts and provide fair compensation to independent pharmacies.
Pharmacy professionals argue that PBM uses their market power to increase costs for patients while making it harder for small pharmacies to survive. The Texas Pharmacy Association is supporting several bills in the legislature aimed at addressing these issues and ensuring fairer practices in the industry…