Crapo to Lead News Conference in Twin Falls on Efforts to Lower Prescription Drug Costs

Twin Falls, Idaho--Senate Finance Committee Republican Leader Mike Crapo (R-Idaho), along with Idaho State Senator Julie VanOrden (R-Pingree) and members of Idaho’s pharmacy community, will hold a press conference on addressing pharmacy benefit manager practices (PBM) that have grown increasingly complex and opaque in recent years at the expense of patients and taxpayers.

“Whether at the pharmacy counter, the doctor’s office or the hospital, some of the most life-saving medications remain out of reach for far too many working families and seniors,” Crapo said.  “The bipartisan proposals we are working on in the Senate will enhance pharmacy benefit manager accountability, mitigate misaligned incentives that drive preferences for higher-priced medicines, prevent costly spread pricing arrangements in state Medicaid programs, improve pharmacy access, and increase oversight of the prescription drug supply chain.  I look forward to continuing our work on this important issue.”

The Senate Finance Committee recently approved Crapo’s Modernizing and Ensuring PBM Accountability Act, which is supported by a strong coalition of Idaho groups.  Read more about the legislation here.

DETAILS:

WHAT: News conference addressing pharmacy benefit manager practices.

WHO: U.S. Senator Mike Crapo (R-Idaho)

Idaho State Senator Julie VanOrden (R-Pingree)

Representatives from Idaho’s Pharmacy Industry

WHEN: Tuesday, August 8, 2023, 2:00 PM MT

WHERE: Medical Office Pharmacy, 486 Cheney Dr. W., Twin Falls