From Frankfort

Committee studies cost of Medicaid prescriptions in relation to pharmacy benefit managers

01/11/2018 05:12 PM

FRANKFORT – The role of pharmacy benefit managers and their role in determining the cost of drugs for Medicaid patients was the subject of today’s joint meeting of the Senate and House committee on Banking and Insurance. A pharmacy benefits manager (PBM) is a health care company that contracts with insurers, employers, and government programs to administer the prescription drug portion of the health care benefit. PBMs work with insurers and employers to perform a variety of services to ensure high-quality, cost... Read more 

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