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Committee hears bill to force PBMs to pass rebates to patients; bill postponed indefinitely
Summary
SB 1078 would require pharmacy benefit managers to pass a large share of manufacturer rebates through to patients at the point of sale. Supporters said it would lower out-of-pocket costs for people with chronic conditions; insurers and PBMs warned of higher premiums and fiscal effects. The committee voted to pass by indefinitely (PBI).
Senator Peake presented SB 1078, a bill that would require pharmacy benefit managers (PBMs) to pass negotiated manufacturer rebate savings through to patients at the pharmacy counter. Supporters — including patient advocates representing diabetes and other chronic conditions — told the committee rebates negotiated by PBMs are not currently passed to patients at point of sale, leaving patients paying higher out-of-pocket costs.
Three patient witnesses…
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