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A new bipartisan bill years in the making contains some of the most sweeping pharmacy benefit manager reforms ever to hit the Ohio General Assembly. ....
For the past couple of years, America has witnessed a growing movement led by Ohio and a few other states to crack down on once-obscure pharmacy benefit managers, who are accused of huge overcharges in their role as middlemen in the prescription drug supply chain. So far that effort has concentrated on perceived PBM abuses in public sector programs, especially Medicaid, a state-federal program funding health care for the poor and disabled. But PBMs are virtually everywhere, part of almost every health-care plan, and affect far more than the cost of prescription drugs. Now, private sector and nonprofit groups are coming to the realization that they also might be paying too much, just like their public sector counterparts. ....