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Senate advances pharmacy benefit reforms to increase PBM transparency and reporting
Utah Senate · March 10, 2020
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Summary
Senate adopted a substituted version of House Bill 272 addressing pharmacy benefit managers, requiring notice, restricting certain reimbursement practices and adding manufacturer reporting; sponsors said the bill establishes DIR-fee transparency and a 30-day notice to pharmacies.
Senators moved a substitute and passed House Bill 272, a package of pharmacy benefit manager (PBM) and drug-pricing provisions that sponsors described as increasing transparency and protecting retail pharmacies.
Senator Vickers and Senator Bickers, floor sponsors during the third-reading…
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