Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Arkansas Insurance Department warns PBMs: NAADAC/MAC violations under review; fines possible
Summary
Insurance Department officials told the committee they have seen a recent surge of pharmacy complaints alleging PBM reimbursement below NAADAC and MAC thresholds, and said they will pursue enforcement including fines, license suspensions and possible legislative fixes to increase penalties.
Booth Rand and Beth Barrington of the Arkansas Insurance Department told the Senate Public Health, Welfare and Labor Committee that the department is actively enforcing state rules that require pharmacy benefit manager reimbursements at least at NAADAC levels and not below a pharmacy’s invoice or MAC where applicable.
Rand described a recent increase in complaints — roughly 50 in…
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
