Rosendale-Backed Rx Bill Advances In House
A plan for new regulations on insurance companies and their obscure contractors in the prescription drug supply chain is moving forward in the Montana Legislature.
The bill coming from State Insurance Commissioner Matt Rosendale would put new rules on the contracts between health insurance companies and pharmacy benefit managers, or PBMs.
PBMs work out deals between drug manufacturers, pharmacies and payers, including government health plans and insurance companies. PBMs and some health insurers say those negotiations help lower drug costs.
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