Pharmacists turn to lawmakers after reimbursement changes hit

Lower reimbursement rates that took effect on January 1 in Arkansas are stinging pharmacies, which are imploring state lawmakers and insurance representatives for relief. Insurers pay a PBM a certain price per drug that is filled by a pharmacy, which is then reimbursed by the PBM for a share of the original cost. The legislative change, however, means that percentage has narrowed considerably, leaving pharmacists with the unenviable choice of taking a loss on profit or turning away customers. That is particularly difficult in rural communities, where there may only be a single pharmacy and where a good share of the residents are likely low-income. Local pharmacists trekked to the state Capitol for a hearing with insurance representatives on the issue, although many left unsatisfied. Another hearing is expected soon.