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PBMs

  • Sen. Andy ManarRelief is on the way for independent, rural pharmacies

    SPRINGFIELD – A measure sponsored by State Senator Andy Manar (D-Bunker Hill) that would provide relief for independent, rural pharmacies was signed into law by Gov. JB Pritzker Friday.

    Pharmacy benefit managers, or PBMs, which negotiate drug prices on behalf of insurers, are currently using their position to drive up prices and eliminate competition, putting local pharmacies at a disadvantage.

    House Bill 465 includes several provisions that will impose Illinois’ first ever oversight on PBMs, including:

     

     

  • Sen. Andy ManarLegislation targets middle men who drive up costs to taxpayers, customers, pharmacies

    SPRINGFIELD – Pharmacy middle men are driving up the costs of prescription drugs for customers and squeezing out rural pharmacies, all while putting taxpayers on the hook for greater costs, State Senator Andy Manar said.

    The Bunker Hill Democrat is renewing his effort to impose state oversight on pharmacy benefit managers, or PBMs, that negotiate drug prices and benefits on behalf of insurance plans. This week he introduced Senate Bill 652. House Majority Leader Greg Harris (D-Chicago) has introduced similar legislation, House Bill 465, in the House.