September 10, 2021
(Washington, D.C.) — Pharmaceutical Care Management Association (PCMA) President and CEO JC Scott issued the following statement on the Energy and Commerce Committee’s inclusion of full repeal of the rebate rule in the committee’s legislative recommendations for its budget reconciliation bill instructions:
“We applaud Chairman Frank Pallone, and the Energy and Commerce Committee, for including a permanent repeal of the Medicare Part D rebate rule in the committee’s instructions for the budget legislation. The evidence is overwhelming that the rebate rule would significantly raise beneficiary premiums in Part D, while also greatly increasing the program’s costs to taxpayers.
“We look forward to working with Congress and the Administration to repeal the rebate rule and on policies to lower drug costs and out-of-pocket costs for all patients.”
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.