Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Assembly committee hears bill to increase transparency of pharmacy benefit managers
Summary
Sen. Scott Wiener introduced SB 41, a bill aimed at increasing transparency and limiting certain PBM compensation and patient-steering practices that witnesses say are hurting independent pharmacies and raising drug costs.
Sen. Scott Wiener introduced Senate Bill 41 to the Assembly Judiciary Committee, saying the bill would require transparency and curb practices by pharmacy benefit managers, or PBMs, that he and several witnesses said increase drug costs and push patients away from neighborhood pharmacies.
Wiener said PBMs began as administrators for formularies and negotiating drug prices but “have now grown over the decades into mega players in the health care space.” He told the committee the bill would stop patient…
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
