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Griffith, Welch reintroduce the Improving Transparency and Accuracy in Medicare Part D Spending Act

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U.S. Reps. Morgan Griffith (R-VA) and Peter Welch (D-VT) report they have reintroduced the Improving Transparency and Accuracy in Medicare Part D Spending Act, which is meant to ensure community pharmacists receive reimbursement at the rate posted at the time prescriptions are filled.

U.S. Reps. Morgan Griffith (R-VA) and Peter Welch (D-VT) report they have reintroduced the Improving Transparency and Accuracy in Medicare Part D Spending Act, which is meant to ensure community pharmacists receive reimbursement at the rate posted at the time prescriptions are filled. "Many residents of the Ninth District depend on their community pharmacy to fill their prescriptions," says Griffith. "This simple bill ensures that community pharmacies are treated fairly by insurance companies, so they can focus on serving their customers." Griffith adds that community pharmacists "deserve to be reimbursed based on the price of drugs when they are dispensed, not when they are charged. Unfortunately, PBMs ... have gotten into the habit of changing rates paid to [a] pharmacist for ... prescriptions weeks and months after the prescriptions have been filled." The legislation would not allow PBMs to unduly change their reimbursements to the pharmacist after the fact. Welch notes that "rural pharmacies are essential to the delivery of health care in small communities across America. Vermont's community pharmacies provide quality service and lifesaving medication to Vermonters every day. Their long term viability is essential. Retroactive fees are inappropriate and make it significantly harder for these small businesses to keep their doors open. Our legislation would put a stop to this practice."

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http://morgangriffith.house.gov/news/documentsingle.aspx?DocumentID=398679

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