Drug pricing News

States, Congress Questioning Pharmacy Benefit Managers’ Role in Drug Prices

Several states are probing pharmacy-benefit managers’ business practices in government-sponsored health programs, adding to the scrutiny the middlemen face in Washington for their role in the cost of drugs. At least three state attorneys general are investigating PBMs, in addition …

Senators Seek Probe of Pharmacy Benefit Managers’ Pricing Practice

Two U.S. senators have asked the inspector general of the Health and Human Services Department to investigate a practice by pharmacy-benefit managers known as spread pricing, as part of a wider inquiry by lawmakers into U.S. drug costs. Ron Wyden …

Ohio Now Requiring Transparency on Prescription Drug Pricing

Ohio Department of Insurance Director Jillian Froment has issued a bulletin requiring heightened protections for Ohio consumers related to prescription drug prices. The bulletin requires insurers and pharmacy benefit managers (PBMs) to remove the “gag order” that prevents disclosing to …

Drug Pricing Transparency Law Signed by California Governor

California Gov. Jerry Brown has signed state legislation requiring drug companies to report certain price hikes for prescription medicines in a move that could set a model for other states to follow. The law, which aims to provide more transparency …