Senate President Mary Felzkowski (R) and Representative Todd Novak (R) introduced a new bill, Cole’s Act, aimed at reforming PBMs, a critical step toward ensuring fair drug pricing, increasing transparency for healthcare purchasers and alleviating workforce challenges in the healthcare sector. The bill is named in honor of Cole Schmidtknecht of Appleton who passed away from a severe asthma attack in 2024 after his inhaler was removed from his PBM’s formulary. A bill number is not publicly available yet, but NACDS will continue to advocate for PBM policy priorities throughout the state’s legislative session.
For more information, please contact NACDS’ Ben Pearlman at 617-515-2603.