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Sponsors pitch HB 448 to force PBMs, insurers to 'share the savings' from rebates
Summary
Sponsors told the House Insurance Committee HB 448 would require pharmacy benefit managers and insurers to pass manufacturer rebates to patients in deductible or coinsurance phases; sponsors cited other states and a Milliman study as evidence that premiums need not rise.
Representatives Tim Barhorst and Rachel Baker told the House Insurance Committee that House Bill 448 would require pharmacy benefit managers (PBMs) and insurers to pass prescription-drug rebates or discounts negotiated with manufacturers through to patients who are in the deductible or coinsurance phases of their plans.
"In most cases, PBMs ... are…
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