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Drug price transparency could return as top Georgia legislative issue
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Drug price transparency could return as top legislative issue
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Caption Georgia lawmakers have moved in recent years to curb many Pharmacy Benefit Managers negotiating practices that advocates consider harmful to patients. Credit: Stock photo
Prescription-drug price negotiators are taking stock of new state laws that aim to clamp down on predatorial pharmaceutical practices that some companies worry could hamper efforts to lower medication costs in Georgia.
Patient advocates and representatives from groups called pharmacy benefits managers (PBMs) contracted with health insurers to negotiate lower drug prices are awaiting data from new prescription-cost reporting required in legislation state lawmakers passed last year.
That legislation forces PBMs to start publicly reporting how close to a national average many health plans’ drug prices were negotiated. It also requires that PBMs give state officials some confidential information on rebates and other negotiating tools.
Georgia prescription-drug price rules tightening draws concern, praise
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Law Would Protect Independent Pharmacies From Pharmacy Benefit Managers
State Journal-Register, The (Springfield, IL)
Independent pharmacies and their customers would benefit under a Illinois bill to be debated Wednesday that would slap major regulations on intermediary companies that control what pharmacies are paid by Medicaid and private insurance plans. It s really to promote a level playing field, said state Sen. David Koehler, D-Peoria, the sponsor of Senate Bill 2008. There has to be fairness to the independent pharmacies and all the customers who need choice.
Koehler said Tuesday that the bill, which has bipartisan support and is scheduled for a hearing Wednesday in front of the Illinois Senate Insurance Committee, would build upon legislation passed by the General Assembly and signed into law in 2019 by Gov. JB Pritzker that deals with companies called pharmacy benefit managers, or PBMs.