On May 15, the New Jersey Assembly Committee on Financial Institutions and Insurance held a hearing. During this hearing, the committee received testimony from invited guests concerning pharmacy benefit managers, their place within the broader health insurance system and their impact on prescription drug prices. The invited speakers included Dr. Pragya Kakani, Assistant Professor of Population Health Sciences, Well Cornell Medical College, and Anna Kaltenboeck, President, Verdant Research. They spoke about the PBM relationships with affiliated and unaffiliated pharmacies and the FTC reports. NACDS attended the hearing and will continue to support PBM reform efforts in New Jersey.
For more information, please contact NACDS’ Ben Pearlman at 617-515-2603.