Yesterday, the Supreme Court of the United States upheld an Arkansas statute designed to help family and independent pharmacies suffering at the hands of pharmacy benefit managers (or PBMs).
PBMs are the middlemen between the pharmacy and health insurers, and have acted in such a way to hurt local pharmacies across Arkansas and the Country.
In 2015, the Arkansas legislature passed Act 900 to require PBMs to reimburse pharmacies for their cost of pharmaceuticals filled for their patients. For years, PBMs had been forcing local pharmacies to lose money and often provided a reimbursement that was less than the pharmacy's cost for the drug. Of course, PBMs also own and operate big branded stores, and it's obvious they have always wanted to eliminate their small business competition.
Poynter Law Group and Poynter Tucker serve family owned and independent pharmacies. We have filed a lawsuit in Lonoke County, Arkansas to help pharmacies recover their losses at the hands of the PBMS. Please email us at firstname.lastname@example.org if you would like to join the case with other Arkansas pharmacies. You may also reach us by phone at (501) 812-3943.