Title : Beshear says he's investigating pharmacy benefit managers for possible overcharging and discrimination against independents
link : Beshear says he's investigating pharmacy benefit managers for possible overcharging and discrimination against independents
Beshear says he's investigating pharmacy benefit managers for possible overcharging and discrimination against independents
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Republican Gov. Matt Bevin and Attorney General Andy Beshear |
The release said, "It is estimated that more than 1.5 million Kentuckians receive pharmacy benefits through Medicaid and the state employee health plan’s PBMs. Thousands of other Kentuckians receive pharmacy benefits through PBMs retained by their private insurance plans. . . . Beshear said PBMs were originally established to help companies and government programs better manage pharmacy costs, but have grown into powerful industry middlemen that go to great lengths to hide and complicate drug pricing information."
The international news agency Reuters reports, "The investigation comes against the backdrop of widespread criticism of rising costs of prescription medicines in the United States, with PBMs, middlemen who negotiate prices for employers and health insurers, coming under intense scrutiny."
The state report, titled "Medicaid Pharmacy Pricing: Opening the Black Box," was done by the state Department of Medicaid Services on orders from the General Assembly, Medicaid Commissioner Carol Steckel said upon its release, "We have additional steps that we will need to take in order to make this program fully transparent."
Beshear is seeking the Democratic nomination for governor. Gov. Matt Bevin is seeking re-election and is heavily favored in the May 21 Republican primary.
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that is all articles Beshear says he's investigating pharmacy benefit managers for possible overcharging and discrimination against independentsThis time, hopefully can provide benefits to all of you. Okay, see you in another article posting
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