NCL signs on to PBM Accountability Project letter advocating for transparency and cost savings in prescription drug pricing
Media Contact: Lisa McDonald, Vice President of Communications, 202-207-2829
Washington, DC – The National Consumers League (NCL) is proud to announce its support for the PBM Accountability Project’s letter, which has been shared with the U.S. House Energy & Commerce Health Subcommittee ahead of their hearing on February 26, 2025. The PBM Accountability Project calls for urgent reform of the Pharmacy Benefit Manager (PBM) industry to increase transparency, reduce prescription drug costs, and provide relief to consumers and patients across the nation.
The National Consumers League has growing concerns about the anti-competitive, anti-consumer, and anti-patient practices of the largest PBMs, which have created an opaque system that inflates prescription drug prices. NCL stands firm with the signatories in urging the subcommittee to advance bipartisan legislation that addresses these harmful practices and restores fairness to the prescription drug marketplace.
“Consumers deserve transparency and affordability in healthcare,” said NCL CEO Sally Greenberg. “PBMs have been driving up costs for everyday Americans and their families, often without consumers realizing the true price of their medications. NCL’s commitment to consumer protection means advocating for policies that rein in the practices of these middlemen and prioritize patients over corporate profits. We must act now to bring down drug prices and ensure every American has access to affordable medications.”
Consumers need immediate action to curb the influence of PBMs, whose practices have been detrimental to both patients and community pharmacies. Key bipartisan reforms highlighted in the letter include measures such as delinking drug prices from PBM revenues, implementing fair pharmacy contract terms, and ensuring rebates are passed directly to patients. These reforms are essential to lowering drug costs and increasing access to vital medications.
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About the National Consumers League (NCL)
The National Consumers League, founded in 1899, is America’s pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.
