State Becomes Sixth to Enact Law Benefitting Community Pharmacists

New Mexico Gov. Susana Martinez (R) March 5 signed legislation (H.B. 126) that gives the state’s community pharmacy owners access to basic information about pharmacy benefit managers’ reimbursement methodology before the pharmacy enters into a contract with a PBM, making it the sixth state to enact a law to protect pharmacies from financial losses.

The impact of the Pharmacy Benefits Manager Regulation Act, according to community-pharmacist advocates, is that it will help preserve patient access to prescription drugs, and better protect small-business community pharmacies from being reimbursed at a financial loss.

The new law also requires any person acting as ...