U.S. Representatives Tom Marino (R-PA) and Judy Chu (D-CA) introduced legislation earlier today that would level the playing field for independent, community pharmacies across the country.
H.R. 1188, the Preserving Our Hometown Independent Pharmacies Act of 2013, provides a limited exemption for community pharmacies from antitrust laws that currently prohibit them from banding together to negotiate better contract terms from the large companies that dominate the prescription drug benefit marketplace. This bill would also give independent pharmacies more leverage when they are negotiating with insurance companies and pharmacy benefit managers.
“This bill is an all-around win for the American people – the ability to negotiate for drug reimbursements will keep hometown pharmacies competitive against their larger counterparts by driving down costs,” said Chu. “This is crucial to making sure corporate interests don’t achieve market dominance over prescription drugs, and will safeguard countless jobs in our communities that would otherwise be lost due to competitive disadvantage.”
“Independent pharmacies are at a competitive disadvantage and need a level playing field in order to provide their customers with vital prescriptions at a reasonable cost,” added Marino. “This legislation does not cost the federal government or the taxpayers a single cent, and would in fact lower the cost of medications and prescriptions for independent pharmacies while allowing consumers continued access to their preferred, hometown pharmacies. I am eager to work with my colleague Congresswoman Chu to gain support for this bill on both sides of the aisle.”
Posted by Temple City Tribune
on March 20, 2013. Filed under Current News.
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