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Senate adopts PBM-package conference reports on formulary and reimbursement rules
Summary
Senator Talbot said the chamber adopted conference committee reports on pharmacy benefit manager (PBM) bills addressing formulary placement, cost sharing, and pharmacy reimbursements; he described the package as consensus-driven and urged adoption.
Senator Talbot presented a series of conference committee reports tied to pharmacy benefit manager regulation and pharmacy reimbursements, including House Bill 8 70 and House Bill 12 36. He described the package as one of four PBM bills intended to address formulary placement, net calculations, cost-sharing obligations and dispensing fees.
"This is one of the four PBM package bills that deals with marketed generic drugs, net calculations," Talbot said, and later described another component: "This is the other part of the PBM bill dealing with dispensing fees." He asked members to adopt the conference reports and said the measures reflected broad agreement among the stakeholders who negotiated the conference changes.
The chair called the roll and the Senate recorded votes adopting the conference reports related to the PBM package (the transcript records unanimous or near-unanimous roll-call outcomes for these conference items). The items will proceed through enrollment and routine post-passage processing.
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