GAO Examines State PBM Regulation as Congress Weighs Wider Reforms

The Government Accountability Office put several states’ regulations around pharmacy benefit managers under a microscope, finding that states favor broad authority over PBMs, in a new report published Monday. Looking at five states that have enacted substantial PBM reforms — Arkansas, California, Louisiana, Maine, and New York — the GAO interviewed each state’s health plan association, pharmacy association and regulators to glean information on how the reforms were implemented. The report found that four out of the five states preferred granting regulators broad authority to regulate PBMs over specific statutory requirements, with one state saying that it allowed them to more quickly respond to issues as they come up.

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Source: https://endpts.com/gao-examines-state-pbm-regulation-as-congress-weighs-wider-reforms/

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