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House Concurred in Senate Amendments to H.233 to License Pharmacy Benefit Managers
Summary
The House voted to concur in Senate amendments to H.233, directing the Department of Financial Regulation to license and regulate pharmacy benefit managers and narrowing disclosure to the Office of the Health Care Advocate; a previously proposed private right of action was removed and DFR will report back to committees on the issue.
The House of Representatives voted to concur in Senate amendments to H.233, legislation that would require the Department of Financial Regulation (DFR) to license and regulate pharmacy benefit managers (PBMs). The concurrence was announced by the presiding officer following a voice vote that moved the bill for immediate consideration.
H.233 aims to address the growing role and market power of PBMs, which the House Health Care Committee described as entities originally created to provide administrative services to insurers…
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