Good Neighbor Pharmacy Supports the Phair Pricing Act of 2018

Jun 01, 2018
On May 24th, 2018, U.S. Representatives Doug Collins (R-GA) and Vicente Gonzalez (D-TX) introduced H.R. 5958, the “Phair Pricing Act of 2018.” Good Neighbor Pharmacy, with encouragement from the representative membership of the Good Neighbor Pharmacy Advisory Board, is proud to support the Phair Pricing Act of 2018. (Review the summary here, and the full text of the bill here.)

This newly introduced legislation is written to lower the cost of prescription medications in Medicare Part D to ensure patients receive the lowest negotiated price at the point of sale. The legislation would require all price concessions, incentive payments and price adjustments negotiated between a pharmacy and a PBM or prescription drug plan (PDP) sponsor be included and passed on at the point of sale for patients with Medicare prescription drug coverage. H.R. 5958 would also direct the Secretary of Health and Human Services (HHS) to establish a pharmacy working group to develop quality measures that apply to pharmacy dispensers.
 
Thanks to Joe Ochoa, R.Ph., Ochoa’s Pharmacy in Edinburg, TX, an American Pharmacies Board member and Good Neighbor Pharmacy member, Rep. Gonzalez (D-TX) agreed to take a leadership role as the Democratic lead on the bill. Joe elevated key pharmacy issues with Rep. Gonzalez for many years, both in Texas, and in Washington, D.C. Joe’s relationship and collaboration with Rep. Gonzalez is invaluable and a wonderful example of how important it is for pharmacists to be advocates and to get to know their local, state and federal legislators.

Good Neighbor Pharmacy would like to thank Reps. Collins and Gonzalez for crafting and introducing this legislation and Joe Ochoa for his noteworthy contributions.

Resources:
Rep. Collins’ Press Statement
Rep. Gonzalez' Press Statement
• Phair Pricing Act of 2018 Summary 
Phair Pricing Act of 2018 Full Text

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