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Committee hears extended debate on pharmacy reimbursement, PBMs and impact on provider-led Medicaid models; decision delayed
Summary
Senate Bill 520 drew prolonged testimony from DHS, pharmacists, hospitals and sponsors over impacts to the provider-led PASS program, spread pricing, and potential unintended consequences; DHS said it had no fiscal analysis and the committee agreed to continue hearing the bill later.
Senate Bill 520 prompted the committee's longest discussion of the day, with sponsors, Department of Human Services (DHS) officials, pharmacists and hospital representatives trading questions about reimbursement floors, PBM practices and the bill's potential impact on Arkansas's provider-led Medicaid models.
Sponsor Senator Hammer and his co-sponsors described an amendment adopted to delete an earlier contentious 5 percent provision and said the amendment addressed several stakeholder concerns. John Vincent of the Arkansas Pharmacists Association warned of volatile contract terms, clawbacks…
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