Drug Topics March 14, 2025
A new report from the American Economic Liberties Project presents the continued challenges pharmacies face since Congress’ failure to pass PBM reform at the end of 2024.
Since December 19, 2024, as many as 326 pharmacy storefronts have closed their doors for good, according to a news release.1 That late-2024 December day is notable because it was when Congress’ plan for pharmacy benefit manager (PBM) reform was abandoned in the 2025 spending package, leading to continued hardships within the pharmacy industry.
“As predicted, without Congressional intervention, the Big Three PBMs have continued to abuse their market power, squeezing at least 326 pharmacies—237 of them independent—out of business in fewer than 10 weeks and stranding their most vulnerable patients in pharmacy...
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