Posted on February 27, 2021 in: MPA Press Releases
(Lansing, Mich.) – A bill to reform unreasonable practices by pharmacy benefit managers (PBMs) – long-advocated for by the Michigan Pharmacists Association (MPA) – was introduced today in the Michigan Legislature as part of a 15-bill package aimed at lowering the cost of prescription drugs.
House Bill 4348, introduced by Rep. Julie Calley (R-Portland), is designed to reign in PBMs by requiring them to register with the state, addressing transaction fees and prohibiting clawbacks. It also codifies the U.S. Supreme Court’s recent decision in Arkansas v. PCMA (Pharmaceutical Care Management Association), which requires PBMs to reimburse pharmacies at no less than the cost of the drug.
To read the press release, click here.