Rutledge Applauds President Trump’s Plan to Lower Prescription Drug Prices
May 11, 2018
LITTLE ROCK – Arkansas Attorney General Leslie Rutledge applauds President Trump’s plan to lower prescription drug prices. The President announced a plan today to require Pharmacy Benefit Managers (PBMs) to act in the best interest of patients and prohibits gag rules that prevent pharmacists from discussing contract terms and prices, among other actions.
“I am proud to see President Trump take action and combat the tremendous strain that prescription drug prices place on patients,” said Attorney General Rutledge. “The actions of PBMs and so-called gag rules prevent patients from receiving the best care and drug prices, harming all Arkansans. I welcome the Administration to the fight against these nefarious activities and look forward to finding a resolution that will benefit all Arkansans and Americans.”
Earlier this year, Attorney General Rutledge began reviewing reports that CVS Caremark drastically reduced its reimbursement rate for pharmacies in the Arkansas Health Insurance Marketplace. Local pharmacists are being forced to cover the additional costs of the rate changes, which impacts their bottom line and could lead to these businesses closing their doors. While the investigation currently focuses on the actions of CVS Caremark, the Attorney General will aggressively investigate any PBM that harms Arkansans and requests that any citizen harmed by these rate changes contact the office.