Gov. Glenn Youngkin (R) signed S.B. 875/H.B. 2610 into law, creating a single PBM to administer the state's Medicaid pharmacy program. The law also establishes fiduciary responsibility for the PBM, requires pass-through pricing, and prohibits spread pricing. Pharmacy advocates worked extremely hard on this legislation and overcame many obstacles, not the least of which was an amendment from Youngkin himself that would have reduced the legislation to a study.
Virginia now joins Kentucky, Louisiana, Mississippi, and Ohio in having a single PBM policy. Congratulations to Virginia pharmacy advocates on this momentous win!
NCPA
