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Hearing on bill to curb vertical integration of PBMs and pharmacies draws wide debate over costs and independent pharmacies
Summary
Senate Bill 91 received a hearing in the House Health Committee; the bill would bar entities from serving as both pharmacy benefit manager and retail pharmacy in contracts for the State Health Benefit Plan.
Senate Bill 91 received an extended hearing in the House Health Committee as members debated whether restricting vertical integration between pharmacy benefit managers (PBMs) and retail pharmacies would protect independent pharmacies or raise costs for the State Health Benefit Plan (SHBP).
Senator Tillery presented the bill as a way to prevent unfair business practices when a single corporation acts as PBM and retail pharmacy owner. “When the manufacturer owns the middleman and then owns the sales distribution point, they can set costs in a way that’s prejudicial to those who…
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