PBM reform passed the General Assembly. HB 1697, creates the Prescription Drug Affordability Act, introduces comprehensive changes to state laws governing pharmacy benefit managers (PBMs), prescription drug pricing, pharmacy access and related health insurance requirements. This legislation represents a significant overhaul of prescription drug and PBM regulation in the state, with the goal of improving affordability, access and transparency in the pharmaceutical supply chain. The legislation passed the Senate by a vote of 56-1 and the House by a vote of 115-1-1. It now goes to the Governor for his consideration.
For more information, contact NACDS’ Leigh Knotts at 803-243-7207.