PBMs News

Hochul Wants Revisions on Insurance Disclosure Law; Signs PBM License Bill

New York Gov. Kathy Hochul this week signed into law an insurance disclosure bill that many insurance agents had staunchly opposed, but not before asking lawmakers to soften the measure’s impact on businesses and insurers. Senate Bill 7052, the Comprehensive …

States, Congress Questioning Pharmacy Benefit Managers’ Role in Drug Prices

Several states are probing pharmacy-benefit managers’ business practices in government-sponsored health programs, adding to the scrutiny the middlemen face in Washington for their role in the cost of drugs. At least three state attorneys general are investigating PBMs, in addition …

Senators Seek Probe of Pharmacy Benefit Managers’ Pricing Practice

Two U.S. senators have asked the inspector general of the Health and Human Services Department to investigate a practice by pharmacy-benefit managers known as spread pricing, as part of a wider inquiry by lawmakers into U.S. drug costs. Ron Wyden …

Workers’ Compensation Spending on Drugs Falls 8.7%: Study

An analysis of pharmacy cost data shows there was an 8.7 percent drop in spending on drugs in 2015 in workers’ compensation injury cases. The decline in 2015 is consistent with the overall downward drug cost trend seen over the …