Proposed PBM reform rules revised by New York State

NCPA February 9, 2024

The New York State Department of Financial Services (DFS) has issued revised proposed rules pertaining to PBM reform. Please recall DFS retracted its initial proposal last November, in spite of receiving more than 115 supportive comments from NCPA and its members. NCPA is reviewing the slimmed down proposal and will coordinate comments with members and partners. A copy of the proposed regulation and the RFI as well as instructions for submitting comments to both can be found on the DFS website.