>>VA Lawmakers Continue Work to Reign in Pharmacy Benefit Managers, Drug Costs
(Cumberland, VA) -- Virginia lawmakers continue their work to reign in pharmacy benefit managers to bring savings to residents. Thomas Cage with more.Preview: Voicer Script:
Independent pharmacist Kim Wright provides essential healthcare services to the rural community of Cumberland, where her pharmacy is the only access to healthcare for the town's 300 residents. Facing financial challenges due to low insurance reimbursements, Wright and other pharmacists in Virginia are hopeful that proposed legislation will help stabilize their businesses. The Cardinal News reports the bills aim to centralize Virginia's Medicaid pharmacy benefits under a single state-contracted pharmacy benefit manager, similar to reforms in other states that have resulted in significant cost savings. Despite opposition from some healthcare organizations, lawmakers are pushing forward with the legislation to address the financial strain on pharmacies and ensure continued access to vital healthcare services in underserved communities.