Insurance department says PBM reimbursement reports will be processed using existing actuarial contract
The Department of Insurance told the Joint Budget Committee it expects to receive several hundred pharmacy benefit manager reimbursement reports by the Feb. 17 deadline and will use an existing actuarial contract to process the data rather than hiring additional staff.
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The Joint Budget Committee reviewed a report on pharmacy benefit manager (PBM) reimbursements and enforcement activities and heard that the Insurance Department expects a large volume of filings ahead of a Feb. 17 deadline.
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