Posted by Michael Wonder on 10 Dec 2020
Supreme Court rules that states can regulate pharmacy benefit managers
10 December 2020 - The Supreme Court ruled unanimously Thursday that states can regulate pharmacy benefit managers, the prescription drug "middlemen" whose actions affect 250 million Americans.
The ruling is a victory for 45 states, led by Arkansas, and independent pharmacies that sought to stop so-called PBMs, which process prescription drug claims and then reimburse pharmacies, from keeping reimbursement rates low for generic drugs. That has caused thousands of independent pharmacies to close, particularly in rural areas.
