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Senators introduce bill to regulate pharmacy benefit managers and set reimbursement standards for pharmacies
Summary
A multi‑sponsor bill to regulate pharmacy benefit managers (PBMs) and to create an objective reimbursement standard for pharmacies was introduced and discussed on the Senate floor. Supporters said the measure would improve transparency and curb spread pricing; the bill was referred to the Banking and Insurance Committee.
Senators introduced legislation aimed at regulating pharmacy benefit managers (PBMs) and establishing a transparent reimbursement standard for pharmacies serving South Carolina residents.
Sponsors of the bill argued the current PBM arrangements leave independent and rural pharmacies unable to predict or recover their costs. A sponsor described the measure as one that would require PBMs to use the national average drug acquisition cost and pay a fair dispensing…
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