The Commonwealth is poised to strengthen PBM regulation in the commercial market with the passage of SB 669, which has been sent to Gov. Abigail Spanberger (D) for approval. The bill mandates pass-through pricing for PBMs, requires insurers to offer at least one prescription plan with a fee-only compensation structure if requested, bans retroactive payment cuts and protects pharmacies from PBM retaliation for filing complaints. Additionally, the Administration intends to move forward with the process to implement a Single PBM model in Medicaid Managed Care, supported by the inclusion of startup funding for the RFP process in the current budget proposal, which is still being negotiated.
Also in Virginia, the Board of Pharmacy posted the March 17 agenda packet. Please note that it includes the 2025 Pharmacist and Pharmacy Technician Workforce Survey Report(s).
For more information, contact NACDS’ Jill McCormack at 717-592-8977.