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Committee advances bill to create standalone licensing for pharmacy benefit managers
Summary
The House General Government Committee voted 11-0 to favorably report House Bill 229, which would create a standalone licensing and oversight framework for pharmacy benefit managers through the Ohio Department of Insurance, supporters said.
The House General Government Committee voted 11-0 to favorably report House Bill 229 after proponent testimony that the measure would create a standalone licensing process and a clearer oversight framework for pharmacy benefit managers (PBMs).
"Pharmacy benefit managers . . . are one of the many important tools that employers use to design and manage their prescription drug benefits. They…
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