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House panel adopts bill to bring PSAOs into Virginia drug-price transparency law
Summary
The House committee voted unanimously to report HB 2375, adding pharmacy services administrative organizations (PSAOs) to the state's prescription drug transparency reporting, while carving out an exemption for PSAOs that only charge flat service fees to pharmacies.
The House committee voted 19-0 to report HB 2375, a bill that adds pharmacy services administrative organizations, or PSAOs, to Virginia's prescription drug transparency reporting requirements while exempting PSAOs that generate revenue solely from flat service fees.
The bill, introduced by Delegate Sickles, would require PSAOs that tie fees to prescription drug prices or volume to report under the existing transparency framework. An amendment adopted in committee specifies that a PSAO '2solely [generating] revenue from charging flat service fees to pharmacies and [not] charging pharmacies for services based on prescription drug prices or…
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