(AP) – Arkansas’ governor has signed into law a measure
regulating pharmacy benefit managers that was prompted by complaints from
pharmacists around the state about cuts in reimbursements earlier this year.Gov. Asa Hutchinson on Thursday signed into law the bill that requires
pharmacy benefit managers – or PBMs – to be licensed by the state.
regulating pharmacy benefit managers that was prompted by complaints from
pharmacists around the state about cuts in reimbursements earlier this year.Gov. Asa Hutchinson on Thursday signed into law the bill that requires
pharmacy benefit managers – or PBMs – to be licensed by the state.
He signed the measure shortly after the Senate gave the bill final approval Thursday morning.
PBMs run prescription drug plans for employers, government agencies and
insurers, among other clients. They use their large purchasing power to
negotiate prices.
The proposal also bans PBM “gag clauses” that prevent pharmacists from
discussing the total price of a drug or cheaper alternatives.
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