States Pressure Pharmacy Benefit Managers for Health Plans to Lower Prices
· Telemundo McAllen (KTLM)
States are pushing pharmaceutical benefit managers (PBMs) to lower drug prices amid rising consumer concerns. Legislators in over a dozen states have enacted laws to limit PBM compensation, mandate minimum payments to pharmacists, and increase transparency. CVS, a major PBM and pharmacy chain, has spent millions opposing these regulations, including a lawsuit in Tennessee to block a law that would prevent PBMs from operating retail pharmacies by 2028. A survey revealed that nearly 60% of U.S. adults worry about affording prescriptions, with many altering their medication usage due to costs. The debate continues as states seek to regulate PBMs more effectively.
AI summary · Source: Telemundo McAllen (KTLM) →
