Becker's Healthcare November 22, 2022
The Consolidated Appropriations Act (CAA) of 2021 is long overdue legislation aiming to improve prescription drug price transparency and shed light on the role of pharmacy benefit managers (PBMs).
During the Payer Issues Roundtable hosted by Becker’s Hospital Review, in a session sponsored by Capital Rx, a pharmacy benefit manager and a pharmacy benefit administrator, Phil Vecchiolli, senior vice president and general manager of PBA services at Capital Rx, moderated a discussion with the company’s president, Matthew Gibbs, about drawbacks of the legislation and steps organizations can take to prepare for compliance.
Three key takeaways were:
- The CAA provides a framework for how drug procurement should work in the future. It mandates that employer-based health plans and...