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Sen. Richardi’s late bill to force PBM price disclosure wins committee approval
Summary
The Senate Rules Committee approved a late-filed LSR from Sen. Denise Richardi that would require pharmacy benefit managers to disclose lower-price alternatives at point of sale, a measure she said is intended to restore price transparency and address anticompetitive practices.
Sen. Denise Richardi (D) told the Senate Rules Committee that a late-filed bill would require pharmacy benefit managers (PBMs) to disclose lower-cost options at the pharmacy counter so consumers can choose the cheapest legal route to buy a prescription.
"PBMs routinely know when a consumer could pay less by using a discount or manufacturer coupon, by buying directly from a part pharmacy and bypassing insurance, choosing a…
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