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Senate approves bill to limit some PBM revenue practices after floor amendment fights
Summary
The Senate passed House Bill 10-94, a measure limiting certain pharmacy benefit manager (PBM) practices and requiring transparency. Multiple floor amendments were offered and rejected before final passage.
The Colorado Senate on May 2 passed House Bill 10-94, legislation that restricts some pharmacy benefit manager (PBM) revenue practices and requires greater transparency in PBM contracts and reimbursements.
Supporters said the bill narrows the ways PBMs can profit so savings negotiated on drug prices reach health plans and patients. Senator Roberts, speaking for the bill, described amendments negotiated in the Health and Human Services Committee and…
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