New York could become the latest state to regulate pharmacy benefit managers by prohibiting them from imposing so-called gag clauses on pharmacies or collecting copayments that exceed the actual price of prescription drugs.
A bill (A. 8781) approved by both houses of the Legislature would prohibit so-called clawbacks and gag clauses in contracts between PBMs and pharmacies. The bill was approved by the state Senate March 6 and the state Assembly on Feb. 5.
New York is the latest state to take aim at PBMs. South Dakota recently became the ninth state to bar gag clauses. If the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.