MONTGOMERY, Ala. (AP) — Two blocks from the Alabama Statehouse, a black wreath hung on the door of Adams Drugs — a symbol to draw attention the number of neighborhood pharmacies that have closed, or are in danger of closing, across the state. Dozens of independent pharmacies have shuttered in Alabama over the last two […]
Alabama lawmakers are advancing legislation to regulate pharmacy benefit managers (PBMs) due to concerns about independent pharmacy closures. The bill, passed by the Senate, aims to establish minimum reimbursement rates for community pharmacists and prohibit "spread pricing." Supporters say PBM practices cause pharmacies to lose money, while opponents argue the regulations will increase costs for businesses and employees. Similar legislation is being considered in other states.
