We’ve seen a lot of PBM reform across the nation over the past few years. That’s great, and it ain’t over yet! Here are a couple of big developments that have happened since we updated you in Tuesday’s qAM about important pharmacy-related activity in state governments:
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South Dakota Gov. Kristi Noem (R) signed HB 1135, PBM legislation brought from the South Dakota Pharmacists Association and introduced by Rep. Mike Weisgram (R). Among its provisions, the law enhances transparency, creates oversight, prohibits retroactive and other types of fees, adds MAC pricing protections, and prohibits reimbursement discrimination against pharmacies not owned by or affiliated with PBMs. NCPA was pleased to support SDPhA along the way toward its hard-fought victory!
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Over in Arkansas, Gov. Sarah Huckabee Sanders (R) signed SB 94, which creates greater enforcement of PBM laws through the Office of the Insurance Commissioner. The commissioner is now empowered to review the books and records of PBMs regarding drug rebates and payment to pharmacies for products and services. The commissioner may now also issue fines for a range of violations, including under-reimbursement.
