PCMA: Senator Braun’s Proposed Infrastructure Amendment Hurts Seniors, Increases Taxpayer Costs

(Washington, D.C.) — Pharmaceutical Care Management Association (PCMA) President and CEO JC Scott issued the following statement on the proposed amendment by Senator Mike Braun (R-IN) in the Bipartisan Infrastructure Framework (BIF) legislation: “The Senate’s inclusion of a provision to delay the Medicare rebate rule in the infrastructure legislation is a good start to full and permanent repeal of this policy from the last administration. “However, the amendment proposed by Senator Mike Braun would undo this bipartisan progress.  This proposal would instead hurt America’s seniors by increasing their Medicare premiums while also increasing taxpayer costs. “Instead of this amendment, which would move drug-cost reduction efforts backward, PCMA encourages policymakers to examine a comprehensive set of policy reforms that would save taxpayers over $255 billion.”

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PCMA is the national association representing America’s pharmacy benefit managers (PBMs).  PBMs administer prescription drug plans for more than 266 million Americans who have health insurance from a variety of sponsors including:  commercial health plans, self-insured employer plans, union plans, Medicare Part D plans, the Federal Employees Health Benefits Program (FEHBP), state government employee plans, Medicaid plans, and others.