Posts Tagged ‘prescription medication’
Supreme Court Rules Against Pharmacy Benefit Managers, Scoring a Win for Independent Pharmacies
The U.S. Supreme Court recently ruled against Pharmacy Benefit Managers (PBMs), scoring a win for smaller, independent pharmacies. The opinion by the high court will allow states to regulate how much money PBMs are required to reimburse pharmacies for prescription medication. On December 10, 2020, in Rutledge v. Pharmaceutical Care Management Assn., the Supreme Court…
Read MoreMedicare Part D fraud fastest growing component of program
When the Department of Justice earlier this month announced the arrest of 243 people for Medicare fraud, it noted that 50 of the defendants were charged with crimes related to the Medicare prescription drug benefit program known as Part D. Prescription drug fraud has become the fastest-growing component of the Medicare program overall, and is…
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