Becker's Healthcare February 22, 2024
State attorneys general are urging Congress to pass three bills that would reform pharmacy benefit manager practices and bring more transparency to their work.
A bipartisan group of 39 state attorneys general sent a letter to Senate and House leaders Feb. 20, highlighting the urgent need for federal action. While efforts to regulate PBMs are occurring on the state level, many PBMs routinely try to obstruct regulatory efforts by refusing to disclose data to regulators and their own clients, the attorneys general said.
“The FTC and Congress must act to ensure fulsome regulation of PBMs nationwide,” they wrote in the letter. “Such legislation should reform PBM practices to curtail their ability to unreasonably raise the price of drugs and...
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