FMI Applauds PBM Reforms in Appropriations Legislation

Arlington, VA - Today, FMI - The Food Industry Association applauded the inclusion of important provisions to reform pharmacy benefit managers (PBMs) in the Consolidated Appropriations Act of 2026 and urges Congress to ensure its passage as part of any final government funding agreement. FMI Chief Public Policy Officer Jennifer Hatcher offered the following statement.

"FMI applauds the inclusion of much-needed PBM reform measures in this legislative package that would ensure better care, lower costs and less red tape. These provisions come at a critical time for patient access, as pharmacies across the country continue to face mounting financial pressures in their efforts to continue to serve their communities.

"In 2025, 74% of FMI pharmacy businesses reported being either not at all or not very profitable: 35% of respondents reported some or most of their pharmacies are at risk of closing in the next two years, while 70% have already closed at least one pharmacy. Even where pharmacies remain open, many of them are being forced to scale back services, with 74% reducing hours and 56% reducing staffing.

"Continued inaction would only accelerate these trends and further undermine patient access to pharmacy care. FMI strongly supports passage of the Consolidated Appropriations Act and urges Congress to seize this opportunity. Patients, pharmacies, and the communities they serve cannot afford continued uncertainty."