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Senate file would require PBM/manufacturers rebates passed to patients at point of sale; committee approves and refers to Commerce
Summary
Senate File 1877 would require that rebates negotiated by PBMs and health plans be passed to patients at the pharmacy counter; insurers warned of potential premium increases while proponents cited transparency; the committee voted to pass and refer to Commerce.
Senate File 1877 would require that pharmaceutical rebates negotiated by pharmacy benefit managers (PBMs) and plans be applied at the point of sale so that enrollees receive the benefit of negotiated discounts when they purchase drugs.
Sponsor Senator Mann said the current rebate-driven market can result in patients paying more at the pharmacy counter while plans obtain larger…
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