Drug Topics August 21, 2024
The National Association of Chain Drug Stores is active at both the federal and state levels in advocating for PBM reform.
Steven C. Anderson, FASAE, CAE, IOM, president and CEO of the National Association of Chain Drug Stores (NACDS), sat down with Drug Topics during the 2024 NACDS Total Store Expo to discuss the challenges of pharmacy benefit managers (PBMs) in the current market and the importance of grassroots advocacy in powering Congressional reform.
Drug Topics: How can PBMs and their practices be regulated to ensure fair competition and transparency in the industry?
Steven C. Anderson:They don’t have transparency now; they don’t they don’t foster competition. It’s a highly consolidated market, with the “Big 3” PBMs controlling about 90% of...
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