Independent retail and specialty pharmacies have long been concerned about perceived “steering” by Pharmacy Benefit Managers (“PBMs”), a practice in which a PBM in some manner channels prescriptions to its own wholly owned retail mail-order or specialty pharmacy. A recent law in Georgia has taken effect to push back against this practice. Georgia HB 233 (known as the “Pharmacy Anti-Steering and Transparency Act”) was signed into law by Georgia’s Governor...
https://youtu.be/Nmow6Xyyacg Frier Levitt co-founder Jonathan Levitt, Esq. and pharmacist attorney Dae Lee, Pharm.D., Esq., CPBS talk about the Firm's Plan Sponsor Group, what a plan sponsor is, the issues they face and how the Firm helps plan sponsors to negotiate key terms and definitions in their agreements with PBMs. [00:00:39] What is a Plan Sponsor? [00:01:08] What Types of Issues Does the Firm Handle for Plan Sponsors? [00:01:40] What are...
Ohio legislators have introduced bipartisan Senate and House bills aimed at curbing excessive fees charged by insurers and Pharmacy Benefit Managers to pharmacies and providers participating in the 340B Drug Pricing Program. The 340B Program, created in 1992 by the federal government, aims to provide certain safety net health providers with funding through a system whereby outpatient drug savings are passed along to the provider. Drug manufacturers participating in Medicaid...
As another independent pharmacy closed its doors last week in Connecticut, the owner of the pharmacy identified that the rising costs of operations and direct and indirect remuneration (DIR) fees along with the decreasing reimbursement rates each year led to their closure. Unfortunately, this has been the ill-fated result of many independent pharmacy owners throughout the country when Pharmacy Benefit Managers (PBM) are permitted to own the end-retailer, and a...
February 13, 2020 |
By: Frier Levitt PINE BROOK, New Jersey – Continuing its strategic growth into the new year, Frier Levitt, a national boutique healthcare law firm that provides regulatory, transactional and litigation counsel to the Healthcare and Life Sciences industries is pleased to welcome four new attorneys. Payal Amin, Pharm.D, RPH, Esq., Lori Anne Czepiel, Esq., Marc H. Mayer, Esq., and Brenna Sackman, Esq. all joined the Firm in the last two months. Payal Amin,...
