Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sponsor introduces proposal for a state public–private PBM partnership; committee holds bill for more work
Summary
Senator Zay presented a proposal to create a state-run or state-partnered PBM to give the state a direct role in negotiating drug prices and rebates for state health plans; stakeholders raised technical objections and committee opted to hold the bill for further study.
Senator Zay presented a proposal to authorize the state to enter a public-private partnership or contract to operate a pharmacy benefit manager (PBM) for state health programs. The sponsor framed the concept as a way to increase price transparency, negotiate rebates directly and reduce spread pricing.
Senator Zay said the model, used in some other states, would allow the state to control PBM contracting for Medicaid and state employee plans and capture more of the rebate and price benefits for public programs. "The only way…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
