* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Pays Tribute to Late Singer with Heartfelt Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Pays Tribute to Late Singer with Heartfelt Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

    Erykah Badu Announces ‘Abi & Alan’ Album With The Alchemist Will Be Delayed – yahoo.com

    Erykah Badu Opens Up About the Delay of Her Highly Anticipated ‘Abi & Alan’ Album with The Alchemist

    If You Needed Some BTS Pics Of The Rock’s Tree Trunk Legs To Spice Up Your Day, We Got ‘Em – yahoo.com

    Need a Boost? Check Out These Epic BTS Shots of The Rock’s Tree Trunk Legs!

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

    Sabrina Carpenter’s pearl-clutching magic? Humor – CNN

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    This Secret Technology Will Make The IPhone 17 Super Thin Air – VOI.ID

    How This Breakthrough Technology Will Make the iPhone 17 Incredibly Thin and Lightweight

    Gator football kicks off with excitement and new technology – WCJB | TV20

    Gator Football Kicks Off with Thrilling Action and Innovative Technology

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Marvell Technology (MRVL) Loses 18.6% as Growth Outlook Fails to Impress – Yahoo Finance

    Propelling solar technology into a perovskite future – CORDIS

    Propelling solar technology into a perovskite future – CORDIS

    13 Top Technology Trends (2025) – Exploding Topics

    13 Game-Changing Technology Trends to Watch in 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

‘This is an emergency’: Trade group warns nearly a third of all independent pharmacies will go extinct because of a CMS rule

March 30, 2024
in Business
‘This is an emergency’: Trade group warns nearly a third of all independent pharmacies will go extinct because of a CMS rule
Share on FacebookShare on Twitter

Independent pharmacies have struggled in recent years to stay open—and new financial constraints may mean a record number of pharmacy closures in 2024.

Nearly a third of independent pharmacies are at risk of going out of business due in part to a new rule from the Centers for Medicare and Medicaid Services (CMS) that results in lower prescription reimbursements, according to the National Community Pharmacists Association (NCPA), a trade group that represents more than 19,400 US pharmacies.

“This is an emergency,” NCPA CEO B. Douglas Hoey said in a statement. “If Congress fails to act again, thousands of local pharmacies could be closed within months and millions of patients could be stranded without a pharmacy.”

The CMS rule, which went into effect on January 1, requires payers and pharmacy benefit managers (PBMs) to apply what’s called direct and indirect remuneration (DIR) fees at the time a patient picks up a prescription.

CMS created DIR fees to account for the cost of a Medicare Part D drug after it’s dispensed to a patient and all rebates are taken into account. Historically, a pharmacy could be charged a DIR fee months after dispensing a drug. But under the new rule, payers and PBMs must apply all DIR fees at the time a drug is dispensed.

The rule is intended to increase drug price transparency for pharmacies and patients alike, according to the NCPA. CMS officials said in December 2023 that the rule “is expected to lower total beneficiary out-of-pocket costs [and] provide meaningful price transparency.”

NCPA execs said in a statement that the organization supports the rule, though it has warned CMS that the transition to applying DIR fees up front could make things difficult for independent pharmacies because it results in lower up-front reimbursements rates.

“With lower prescription reimbursements in one corner and higher back-end fees in the other, many community pharmacists are thinking about throwing in the towel,” NCPA execs wrote in a statement.

The NCPA surveyed 10,000 independent pharmacy owners and managers about the CMS rule in February, and of the 815 respondents, 32% said they’re considering closing down this year due to the financial constraints. Additionally, 93% said they’d consider dropping out of Medicare Part D next year, and 99% said their prescription reimbursements have decreased since the rule went into effect.

“If a third of all community pharmacies close, and if more than 90% stop accepting Medicare Part D, it will be a catastrophe for seniors, a hardship for most other patients, and a devastating blow to the overall healthcare system,” Hoey said in a statement.

Independent pharmacies have made CMS aware of the reimbursement issue, and the agency sent a letter to payers and PBMs in December 2023, urging them to “work with providers and pharmacies to alleviate these issues and safeguard access to care.”

“Pharmacies serve a critical role in delivering healthcare and providing access to medications across the country,” the letter read. “CMS is concerned about the sustainability of these businesses, especially small and independent pharmacies, and their potential closures that may leave pharmacy services out of reach for many people, especially those in rural and underserved areas.”

The NCPA sent a letter to CMS in February saying that the agency’s guidance “has not resulted in any meaningful change in PBM practices or reimbursements,” and urged the agency to “thoroughly investigate PBM reimbursement practices.”

“More decisive and direct action is required from CMS, which is responsible for enforcing program rules. This should involve clear directives that close the gaps that allow PBMs and plans to impose unreasonable terms and conditions,” Hoey wrote in the letter. “This focused approach is essential to maintain equitable healthcare, especially in determining reimbursements. Unless CMS acts quickly, NCPA fears beneficiary access to pharmacy services will be increasingly threatened, with independent pharmacies being forced to close.”

This article was initially published by Healthcare Brew, a branch of Morning Brew.

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up for free today.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/well/2024/03/30/independent-pharmacies-emergency-cms-rule-trade-group-warns/

Tags: businessemergencythis’
Previous Post

Do trendy turmeric supplements really treat pain, boost mood, and improve allergies? Experts say they work best for 2 conditions

Next Post

A 7th grade math teacher and army veteran changed his name to ‘Literally Anyone Else’ and announced his run for U.S. president

Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

Liam Payne’s Cousin Ross Harris Pays Tribute to Late Singer with Heartfelt Song ‘Bones

September 2, 2025
Trump quashes health concerns on Truth Social, ‘never felt better in my life’ and tees up next battle with Fed’s Lisa Cook – Fortune

Trump Denies Health Rumors, Says He’s ‘Never Felt Better’ as He Gears Up for Next Showdown with Fed’s Lisa Cook

September 2, 2025
The 1600: The Hell-Cycle of Political Prosecutions – Newsweek

The 1600: The Hell-Cycle of Political Prosecutions – Newsweek

September 2, 2025
Construction of forest ecological security patterns based on MSPA model and circuit theory in the Desertification Control forests in South China Karst – Nature

Construction of forest ecological security patterns based on MSPA model and circuit theory in the Desertification Control forests in South China Karst – Nature

September 2, 2025
Bringing life science to life: Park Crossing teacher recognized – WSFA

Bringing life science to life: Park Crossing teacher recognized – WSFA

September 2, 2025
Take flight: EH seventh-graders learn science through paper airplanes – The Daily Reporter – Greenfield Indiana

Soar to New Heights: Seventh-Graders Explore Science with Paper Airplanes

September 2, 2025
Marcos orders lifestyle audit of all government officials — Dateline Philippines – Asian Journal News

Marcos Initiates Comprehensive Lifestyle Audit of Government Officials to Boost Accountability

September 2, 2025
China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

September 2, 2025
Mariners call up top catcher prospect Harry Ford, which could help Cal Raleigh late in season – Yahoo Sports

Mariners Elevate Top Catcher Prospect Harry Ford, Strengthening Cal Raleigh’s Late-Season Push

September 2, 2025
ECB’s Lagarde warns of risk to world economy via Trump interference on Fed – Reuters

ECB’s Lagarde warns of risk to world economy via Trump interference on Fed – Reuters

September 1, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (802)
  • Economy (820)
  • Entertainment (21,701)
  • General (16,807)
  • Health (9,862)
  • Lifestyle (835)
  • News (22,149)
  • People (822)
  • Politics (829)
  • Science (16,031)
  • Sports (21,319)
  • Technology (15,801)
  • World (801)

Recent News

Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

Liam Payne’s Cousin Ross Harris Pays Tribute to Late Singer with Heartfelt Song ‘Bones

September 2, 2025
Trump quashes health concerns on Truth Social, ‘never felt better in my life’ and tees up next battle with Fed’s Lisa Cook – Fortune

Trump Denies Health Rumors, Says He’s ‘Never Felt Better’ as He Gears Up for Next Showdown with Fed’s Lisa Cook

September 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version