New Report Shows Cause of Rising Prescription Drug Prices and Pharmacy Closures | Top stories


WEST LINN, Ore.- A new report shows what’s driving rising prescription drug prices and pharmacy closures.

More than 80 independent Oregon pharmacies participated in the study.

RELATED: Pharmacy woes continue with long wait times

The report, from the Oregon State Pharmacy Association, found that pharmacy benefit managers, or PBMs, are taking advantage of pharmacies. PBMs are the intermediaries between drug manufacturers and patient health plans.

OSPA executive director Brian Mayo said the current system allows PBMs to charge more for drug prices.

“Which includes price discrepancies, this also includes directing patients and forcing them to not be able to fill their prescriptions at more independent pharmacists,” he said. “They have to go to a specific pharmacy or do some mailings.”

When charged more for drug prices, Mayo said it leads to high costs for patients.

Mayo said he hopes to change practices with new legislation.

“We will be submitting a PBM reform bill, for the 2023 legislative session. This is not a Democratic issue, this is not a Republican issue, this is an Oregon issue,” Mayo said.

He also said the study took place after Bi-Mart closed more than 30 pharmacies last year.

MORE: Walgreens buys all pharmacies from Bi-Mart

Mayo said he was curious to hear what current gubernatorial candidates think about the issue.

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