NCPA Commends Court Decision to Nullify Credit Card Settlement

National Community Pharmacists Association (NCPA) CEO B. Douglas Hoey, RPh, MBA, issued the following statement today regarding a federal appeals court decision to nullify a proposed settlement of an antitrust lawsuit brought by a group of merchants and trade groups.

ALEXANDRIA, Va. (June 30, 2016) National Community Pharmacists Association (NCPA) CEO B. Douglas Hoey, RPh, MBA, issued the following statement today regarding a federal appeals court decision to nullify a proposed settlement of an antitrust lawsuit brought by a group of merchants and trade groups, including NCPA, against Visa, MasterCard and others.

"NCPA joined this lawsuit to achieve meaningful, long-term reforms to the current swipe fee system. This proposed settlement came woefully short and NCPA commends the court's decision to nullify it. The proposed settlement did not impose necessary fundamental changes to the structure of the industry and the rules affecting merchants, particularly small business community pharmacies. NCPA will continue to review the court's decision and determine how best to seek the reforms and changes originally envisioned in this litigation to benefit community pharmacists and their patients."

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The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 22,000 independent community pharmacies. Together they represent an $81.4 billion health care marketplace and employ more than 314,000 individuals on a full or part-time basis. To learn more, go to www.ncpanet.org, visit facebook.com/commpharmacy, or follow NCPA on Twitter @Commpharmacy.