Entries by stopdirfees

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Medicare Part D Pharmacy ‘DIR’ Fees—S. 413 / H.R. 1038

Published by The National Community Pharmacists Association: “Ban on Retroactive Fees Would Lower Costs, Help Seniors and Preserve Pharmacy Access Background Part D plan sponsors and Pharmacy Benefit Managers (PBMs) extract DIR (Direct and Indirect Remuneration) fees from community pharmacies. Nearly all pharmacy DIR fees are clawed back retroactively months later rather than deducted from […]

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Understanding Pharmacy DIR Fees

DIR is now the number one issue community pharmacists face today. More importantly, it is the number one concern as they strategically plan for the next 3 to 5 years. So what is DIR? Learn from the experts everything you need to know about DIR; it’s history, how it’s impacting community pharmacy, and what you […]

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Drug Costs Too High? Fire the Middleman

Published by Bloomberg: “A decade ago, Caterpillar Inc. looked at its employee drug plan and sensed that money was evaporating. The bills for pills had increased inexorably, so the company started to rein in its pharmacy benefit manager, or PBM. The managers are middlemen with murky incentives behind their decisions about which drugs to cover, […]

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An End to PBM Pick-Pocketing

Published by Morning Consult: “Usually when your pocket has been picked, you discover the loss pretty quickly. But many of America’s more than 22,000 independent community pharmacies are finding their reimbursements for prescription drugs reduced well after the patient hands over the co-pay and leaves with their medicine. The technical term for this transaction is […]