A recent study by Wakely Consulting Group found that a bill introduced by Congressman Morgan Griffith (R-VA) to make sure community pharmacists receive the reimbursement rates they are promised would save the Federal Government $3.4 billion over 10 years.

The bill, H.R. 1038, the Improving Transparency and Accuracy in Medicare Part D Drug Spending Act, was introduced by Congressman Griffith and Congressman Peter Welch (D-VT). Congressman Griffith issued the following statement:

“Paying pharmacists what they are promised is only fair. Ending retroactive payment reductions would let pharmacists, especially in rural areas, focus on serving their customers, and, according to the study, it would save the Federal Government billions. Wakely Group Study shows that customers, pharmacists and taxpayers would all benefit.”

-Submitted by Kevin Baird, Communications Director