ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) is reminding the Centers for Medicare & Medicaid Services (CMS) that the 107,400% growth in “DIR fees” over one decade’s time continues to jeopardize seniors and the pharmacies that serve them. In formal comments on CMS’ proposed Medicare rule for 2024, NACDS noted that a rule finalized in
ARLINGTON, Va. — NACDS on Monday expressed appreciation for a new federal rule that will help to reduce seniors’ out-of-pocket prescription drug costs by improving transparency of exorbitant direct and indirect remuneration (DIR) fees imposed by payers on pharmacies. NACDS insists that comprehensive DIR fee reform now depends on further legislative and regulatory action to
ARLINGTON, Va. – The National Association of Chain Drug Stores (NACDS) on Friday lauded the Biden Administration for initiating action to rein in direct and indirect remuneration (DIR) fees and pledged continued vigilance to optimize the regulatory proposal for the benefit of seniors and for the viability of the pharmacies that serve them. Steven Anderson “DIR fees
Washington D.C. – The National Grocers Association (NGA), the trade association representing the independent supermarket industry, on Thursday applauded the introduction of the Pharmacy DIR Reform to Reduce Senior Drug Costs Act in both chambers of Congress. The NGA said the legislation seeks to reduce patients’ cost-sharing, prevent plans and pharmacy benefit managers (PBMs) from
ARLINGTON, Va. — On behalf of the 12,000 supermarket pharmacies operated by its member companies, FMI – The Food Industry Association said Wednesday that it applauds the introduction of the bipartisan Pharmacy DIR Reform to Reduce Senior Drug Costs Act. This legislation would work to address the lack of transparency and fairness in hidden “clawback”
WEST DES MOINES, Iowa — Hy-Vee on Friday expressed dismay that a new Medicare rule did not provide relief from pharmacy direct and indirect remuneration (DIR) fees that inflate senior citizens’ prescription drug costs. A proposal advanced by the Centers for Medicare & Medicaid Services (CMS) and supported by Hy-Vee was not included in the final rule published
PALM BEACH, Fla. — The National Association of Chain Drug Stores is fighting for the retail pharmacy industry’s future on a number of fronts, and the stakes are high. Of particular import is the issue of direct and indirect remuneration (DIR) fees, which represent a major threat. “Let’s be clear,” NACDS chairman Mark Panzer said