States Pressure Pharmacy Benefit Managers for Health Plans to Lower Prices
· Telemundo McAllen (KTLM)
States across the U.S. are pushing for lower prescription drug prices by regulating pharmacy benefit managers (PBMs), which control drug coverage for health insurers. These companies, including CVS, have spent millions to combat new regulations. In 2023, over 120 bills targeting PBMs were introduced in at least 26 states, with some laws limiting PBM compensation and requiring transparency. Tennessee's new law will prohibit PBMs from operating retail pharmacies by July 2028, leading CVS to file a federal lawsuit. Consumers express concern over medication affordability, with many reporting they have skipped doses due to costs, highlighting the ongoing debate about drug pricing and access.
AI summary · Source: Telemundo McAllen (KTLM) →
