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Independent pharmacists tell committee PBMs squeeze reimbursements and contribute to pharmacy closures
5570862 · April 1, 2025
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Summary
The Massachusetts Independent Pharmacists Association warned that pharmacy benefit managers’ reimbursement practices are driving closures and creating pharmacy deserts, and urged further legislative reforms following registration requirements enacted last year.
Dennis Lyons, a registered pharmacist and executive director of the Massachusetts Independent Pharmacists Association, told the Joint Committee on Financial Services that independent pharmacies in the state are under pressure from pharmacy benefit managers (PBMs) and unfair reimbursement practices.
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