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Senate adopts PBM conference report to curb pharmacy practices, exempts state plans
Summary
The Indiana Senate adopted the conference committee report on Senate Bill 140, a pharmacy benefit manager (PBM) bill that adds network and transparency requirements, defines acquisition and distribution costs, prohibits steering, and exempts Medicaid managed care and the state employee health plan. The report passed on a 39-10 roll call.
Senate Bill 140, a measure aimed at regulating pharmacy benefit managers, cleared the Senate after debate and a roll-call vote on the conference committee report.
Senator Mark Charbonneau presented the conference committee report, saying, “Senate bill 140 is a PBM bill, and what the, conference committee report does is clarifies that Medicaid managed care and the state employee health plan are exempt from the provisions in the bill. It, affirms that, the PBMs will have to provide adequate networks for dispensing of drugs, adds language that prohibits steering, it defines, it defines actual acquisition costs, and covers distribution costs.”
The report would require PBMs to ensure adequate pharmacy networks, bar steering patients to vertically…
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