Posts Tagged ‘PBM’
NCOIL Approves Model State PBM Regulation
On Saturday, Dec. 10, the National Conference of Insurance Legislators (NCOIL) approved model legislation for states looking to address unfair PBM practices. The model act, known as the Pharmacy Benefits Manager Licensure and Regulation Model Act, aims to address PBM regulation on the state level in a variety of ways. Kansas Rep. Willie Dove was…
Read MorePresident Signs ‘Gag Clause’ Bills into Law
Today, President Trump signed two bills into law that will allow pharmacists to disclose the lowest cost of prescriptions to their patients. Previously, pharmacy benefit managers (PBMs) have enforced so-called “gag clauses” that prohibited pharmacists from informing their patients if they could purchase their prescriptions for a lower cost out-of-pocket vs. through insurance. The Patient…
Read More