Griffo urges governor to sign pharmacy bailout program into law

Senator Joseph Griffo urges Governor Hochul to sign the “Pharmacy Rescue Package”.

The legislation would correct flaws in the state’s prescription drug distribution system and regulate drug benefit managers.

The legislation addresses the state’s drug distribution system issues affecting Pharmacy Benefit Managers (PBMs), particularly in terms of the impact on drug prices, which state lawmakers say reduces patient choices.

Currently, PBMs can determine the amount of money that pharmacies are reimbursed for prescriptions dispensed.

The bill also calls for fair pricing rules for drugs to reduce costs;

Griffo says the bill would better protect and preserve the state’s independent pharmacies.

“The governor must take immediate action and sign the ‘Pharmacy Rescue Package’ to better protect and preserve the state’s independent pharmacies and the critical, personalized care they provide to New Yorkers,” Griffo said. on the front line of the fight against COVID-19 since the start of the pandemic. It is imperative that we do everything we can to ensure that these small businesses remain viable in the communities they serve.

The Pharmaceutical Care Management Association, which represents Pharmacy Benefit Managers, has posted a statement on its website.

“The Ultimately, New York’s legislation will dramatically increase prescription drug costs, restrict home delivery of drugs, and remove drug dispensing safety protocols that protect patients. “

The legislation was passed unanimously by the state legislature over the summer.

The governor has until the end of the year to sign the package into law.

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