Pharmacy

Pharmacy benefit managers will have to pay Arkansas drugstores dispensing fees under new rule

KUAR | By Tess Vrbin / Arkansas Advocate

The Arkansas Insurance Department will require pharmacy benefit managers (PBMs) to include dispensing fees in their reimbursements to pharmacies for prescription drugs, a legislative panel ruled Thursday.

The new rule will financially benefit pharmacies, especially independently-owned ones in rural areas, as a remedy for years of unfair PBM reimbursements that put them at risk of closing, pharmacists and Insurance Department officials told the Arkansas Legislative Council’s Executive Subcommittee.

PBMs are companies that serve as middlemen to negotiate prescription benefits among manufacturers, distributors, pharmacies and health insurance providers. The companies rank prescription drugs, with the highest-tiered products costing consumers the lowest out-of-pocket costs.

Pharmacy benefit managers will have to pay Arkansas drugstores dispensing fees under new rule

UAMS Colleges of Pharmacy, Nursing, Health Professions, Public Health, Make List of Top Graduate Schools for 2024

By News Staff

LITTLE ROCK — U.S. News & World Report’s annual list of Best Graduate Schools for 2024 ranked the University of Arkansas for Medical Sciences (UAMS) colleges of Pharmacy, Nursing, Health Professions and Public Health highly among their peers nationwide.

The UAMS College of Pharmacy was ranked 31st nationwide among all pharmacy colleges. It has produced more than 5,000 graduates since making UAMS its home in 1951. The college offers several dual degree programs, as well as experiential opportunities in specialties from oncology pharmacy to toxicology and solid organ transplant, as well as one of the nation’s few nuclear pharmacy programs.

“I am proud that the UAMS College of Pharmacy continues to rank among the nation’s best,” said Cindy Stowe, Pharm.D., dean of the College of Pharmacy. “This recognition reflects the positive impact that our students, alumni and faculty have here at home and across the country. They lead by example through their passionate commitment to improving the health of all. A high ranking in U.S. News is a strong endorsement of that fact.”

UAMS Colleges of Pharmacy, Nursing, Health Professions, Public Health, Make List of Top Graduate Schools for 2024

Attorney General Tim Griffin sues pharmacy benefit managers for roles in Arkansas opioid epidemic

LITTLE ROCK – Attorney General Tim Griffin today announced he has filed a lawsuit against pharmacy benefit managers (PBMs) Optum, Inc., and Express Scripts, Inc., and their subsidiaries for their roles as a cause of the opioid epidemic in Arkansas and issued the following statement:

“Pill by pill and dollar by dollar, PBMs enabled the opioid epidemic in Arkansas. Today, we begin the process of holding them accountable for their roles in a crisis that has ravaged our state—a crisis they helped cause, contributed to, and furthered.

“The PBMs benefited financially from the opioid crisis in Arkansas by negotiating favorable deals with opioid manufacturers while at the same time forgetting the interests of Arkansans who received prescriptions. Instead of protecting consumers by leveraging data to curb excessive prescriptions, PBMs focused on the financial incentives of manufacturer rebates to drive profits at the expense of people.”

Between 2006 and 2014, Arkansas was flooded with almost 1.5 billion units of addictive opioids. By 2016, Arkansas had the second-highest opioid prescription rate in the nation, with 114.6 opioids being dispersed for every 100 Arkansans—nearly twice the national average and enough to supply every man, woman, and child in Arkansas 78 opioid doses each.

The suit, filed in Pulaski County Circuit Court, alleges that the PBM defendants:

  • Fueled the opioid epidemic in Arkansas by increasing opioid utilization by placing opioids on lower tiers of their formularies, controlling what less addictive pain treatments were available to patients, and falsely representing that their formularies were designed to be cost effective and achieve favorable health outcomes but instead were designed to maximize profits;

  • Operated online retail pharmacies that dispensed billions of morphine milligram equivalents of opioids while failing to follow state and federal laws on controlled substances; and,

  • Were aware of the opioid epidemic in Arkansas and failed to take any action.

Griffin is asking that PBMs be held accountable for creating a public nuisance through their actions, being negligent in their actions, and unjustly enriching themselves.

To read a copy of the lawsuit, click here.