AG Praises Recommendation On PBMs

rutledge

Arkansas Attorney General Leslie Rutledge commends the White House’s Reforming Biopharmaceutical Pricing at Home and Abroad report, which calls for decreasing the concentration of Pharmacy Benefit Managers (PBMs). Three PBMs make up 85 percent of the current market, meaning they have significant market power against manufacturers, health plans and covered consumers.

“I am pleased to see the White House taking an interest in a practice that negatively impacts Arkansans ,” said Attorney General Rutledge. “PBMs have decreased their reimbursement rate for pharmacies in the Arkansas Health Insurance Marketplace, placing a new strain on these integral local businesses. I have started my investigation into CVS Caremark, but intend to demand information from any PBM harming Arkansans.”   MORE

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