Independent pharmacists await signing of legislative package
Brooklyn pharmacist: Some don’t have enough cash flow to keep inventory up
Independent pharmacists from across the state, such as Ambar Keluskar, owner of the Rossi Pharmacy in Ocean Hill, have been waiting for Gov. Kathy Hochul to sign a package of bills known as the Pharmacy Rescue Package, which is designed to help small drugstores.
The bill would make more transparent the operations of pharmacy benefit managers and subject them to greater regulations. These entities basically work as middlemen between the pharmacies and insurance companies to control how much is billed per prescription and how much money gets reimbursed to the pharmacies themselves.
One problem is, says Keluskar, whose pharmacy is located at 1891 Eastern Parkway, that at times pharmacy benefit managers are owned by large drugstore chains or co-owned with an insurer.