August 7, 2024
Arkansas Governor Sarah Huckabee Sanders and Insurance Department Commissioner Alan McClain announced Tuesday notices of penalties and hearings against four major pharmacy benefit managers (PBMs), Caremark, Magellan, Express Scripts, and MedImpact. These enforcement actions follow on the heels of a …
June 26, 2024
LITTLE ROCK, Ark. (AP) — Arkansas on Monday sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the lawsuit …
February 7, 2024
The New York State Department of Financial Services has proposed market conduct regulations to govern pharmacy benefit managers (PBMs) operating in the state. The regulations have been developed to implement a law passed in 2021 that requires licensing of PBMs …
November 8, 2022
Pharmacy benefits manager Express Scripts, Inc. has agreed to pay $3.2 million after allegedly failing to follow prescription pricing procedures intended to keep costs down and prevent overcharges in the state’s workers’ compensation insurance system, according to Massachusetts Attorney General …
May 13, 2022
Arkansas’s attorney general on Wednesday accused drugmakers and pharmacy benefit managers of colluding to drive up the price of insulin drugs, the latest in a series of lawsuits to take aim at skyrocketing insulin costs. The lawsuit, filed in Pulaski …
October 25, 2021
A nonprofit coalition of nearly 40 private employers, including U.S. retailers Walmart and Costco, said on Monday it has launched a new company that would offer pharmacy benefit management (PBM) services for employers. With the COVID-19 pandemic weighing severely on …
January 22, 2021
This is the first installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys at Locke Lord. The first part covers COVID-19, Insurtechs, Data Privacy, Race Equality and Pharmacy Benefit Managers. The second installment …
January 29, 2020
If passed, proposed legislation would have Oklahoma joining the growing number of states backing away from using Pharmacy Benefit Managers (PBMs) to administer prescription-drug programs. Sen. Paul Scott, R-Duncan, has filed Senate Bill 1901 to replace the state’s third-party PBMs …
July 11, 2019
The White House abandoned a push to end rebates paid to middlemen who negotiate drug prices on behalf of health insurers, a move that could turn scrutiny back on how drugmakers themselves set prices. President Donald Trump has made lowering …
June 5, 2019
CVS Health Corp. said it would offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain’s 2018 acquisition of health insurer …