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PSSNY Commends Senators James Skoufis & Senate Committee on Investigations on PBMs

Thursday, June 6, 2019   (0 Comments)
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PSSNY Commends Senators James Skoufis and Senate Committee on Investigations and Government Operations for their Pharmacy Benefit Managers Investigative Report

The Pharmacists Society of the State of New York (PSSNY) would like to thank Senator James Skoufis, Chair of the Senate Committee on Investigations & Government Operations, and all of the Committee members and Staff for their work leading to the publication of a report detailing the practices of Pharmacy Benefit Managers (PBMs) in New York State. The report, titled Senate Investigations and Government Operations Committee Releases Full Report on Pharmacy Benefit Managers, confirms PSSNY’s long held position that the practices of the PBM industry are not in the best interests of New York taxpayers, pharmacies or most importantly, patients. Rather, PBMs operate as the only unlicensed and unregulated entities in health care and take advantage of a lack of oversight, accountability, and transparency to act in their own self interests. Read more