Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to let pharmacies refuse prescriptions reimbursed below acquisition cost
Summary
Senate Bill 247 would let pharmacies decline to dispense prescriptions when reimbursement is below acquisition cost and require PSAOs to share PBM contract details; pharmacists told the committee low reimbursements are forcing them to stop stocking brand-name drugs and cited examples of significant losses.
Senate Bill 247 would prohibit pharmacy-network exclusions for pharmacies that refuse to dispense a prescription when the reimbursement from a pharmacy benefit manager (PBM) or related contract is below the pharmacy's acquisition cost, and would require greater transparency from pharmacy services administration organizations (PSAOs).
"What this bill will do is it will provide some protections for pharmacies when reimbursements for drugs are below cost," sponsor Sen. David Rochefort said, telling the committee the measure is intended to stop pharmacies from being forced to fill…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
