Pharmacists on Track to Win Better Protection from PBM Abuses

House Bill 2388 will strengthen the existing regulation of pharmacy benefit managers by giving the Department of Consumer & Business Services the ability to investigate complaints and cancel a company’s registration if the PBM commits fraud or fails to pay civil penalties.
Pharmacists appear poised to add significant teeth to the state law regulating pharmacy benefit managers, persuading the Legislature to make the first changes to the law since it was enacted in 2013.

“(House Bill) 2388 will clearly determine the enforcement ability of the Insurance Division over PBMs, giving them the same powers and flexibility to investigate complaints and bad practices that they have over all the other entities they have in their purview,” said Niki Terzieff, a lobbyist for the Oregon State Pharmacy Association.

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By | 2017-06-26T16:09:59+00:00 June 26th, 2017|News|0 Comments