Pritzker signs PBM reform package
A sweeping package to reform how pharmacy benefit managers operate in Illinois was signed into law Tuesday by Gov. JB Pritzker.
Legislative session focused on PBM reform, behavioral health coverage
Lawmakers approved sweeping changes to pharmacy benefit managers and removed prior authorization for some behavioral health services during the recently concluded spring session. Below is a roundup of some of the proposals that […]
Senate Committee Puts PBMs Under the Microscope
Pharmacy benefit managers (PBMs) — middlemen between pharmacies, health insurers, and drug companies — are responsible for driving up prescription drug prices and shuttering independent pharmacies, witnesses said during a hearing held by the Senate Commerce, Science, & Transportation Committee. Three of the four witnesses — an economist, a physician, and a pharmacist — called […]
PBMs Under Fire at Senate Hearing
The role of pharmacy benefit managers (PBMs) in the drug supply chain and whether “anti-competitive” practices are driving up healthcare costs was scrutinized by the Senate on Thursday. PBMs are just one player in a “broken supply chain” explained Richard Blumenthal (D-Conn.), during a Thursday hearing of the Senate Subcommittee for the Committee on Commerce, […]