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Committee advances PBM transparency and anti-steering bill despite disagreement over dispensing fees
Summary
Senate Bill 140, targeting pharmacy benefit manager (PBM) practices with anti-steering provisions, minimum-reimbursement language and data reporting requirements, moved to appropriations after debate over a proposed dispensing fee and concerns from insurers and PBMs.
The Senate Health Committee voted 10-1 to advance Senate Bill 140, legislation intended to increase transparency in pharmacy benefit manager practices, prohibit certain steering and require standardized reporting of pricing and reimbursement data.
Audrey Arbogast, chief of staff to the secretary of Family and Health Services, testified for the administration in support of measures that would hold PBMs accountable and improve patient access to lower-cost prescriptions. Pharmacy representatives and independent pharmacists urged the committee to adopt a reimbursement floor tied to national…
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