Alaska Legislature passes bill addressing drug pricing, PBMs | State of Reform

The Alaska Legislature has passed House Bill 240, which improves prescription price transparency for patients and includes some guidelines for pharmacy benefit managers (PBMs).

Under the bill, patients can now be informed of the lowest available price for their prescription.

The bill requires that PBMs provide pharmacies with the methodology and sources used to determine the drug pricing list. This information must be provided at the beginning and renew of the pharmacy’s contract.

“Maximum Allowable Cost (MAC) pricing causes our pharmacy to be paid below purchase cost several times daily and our appeals for MAC pricing are rarely responded to or are completely disregarded. At any point a PBM can change their MAC pricing and they can have multiple MAAC price list leaving essentially no transparency.

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Alaska Legislature passes bill addressing drug pricing, PBMs – State of Reform | State of Reform.