On December 5, 2019, Aimed Alliance joined a coalition of advocacy organizations in a letter addressed to New York Gov. Andrew Cuomo, requesting that he sign into law a bill that would give the state additional authority to license and regulate pharmacy benefit managers (PBMs). This advocacy effort was led by led by the Pharmacists Society of the State of New York. The legislation, S. 6531, passed both chambers of the New York legislature in June and is currently awaiting the Governor’s signature. If signed into law, S. 6531 would require PBMs to eliminate conflicts of interest and unfair trade practices as a condition of receiving a license to conduct business in New York. This will hopefully lead to more affordable medications and greater access to care for patients, as recent studies have shown how anticompetitive PBM business practices have led to community pharmacy closures, which have made it more difficult for patients to access the medications that they need.
Read the letter to learn more.