PCMA Statement on Education and Workforce Hearing on Benefit Consultants

(WASHINGTON, D.C.) – Today, the Education and Workforce Committee’s Subcommittee on Health, Employment, Labor, and Pensions will hold a hearing exploring the relationship between pharmacy benefit managers (PBMs) and health insurance brokers and benefit consultants. In advance of the hearing, David Marin, President and CEO of the Pharmaceutical Care Management Association, released the following statement: […]

An Industry Transformed: Insider’s Guide to Newly Enacted PBM Reform

The Consolidated Appropriations Act (CAA) requires pharmacy benefit managers (PBMs) to fully disclose all forms of compensation. The law also puts PBMs in pole position for becoming the most transparent actor in the prescription drug supply chain.   Comprehensive PBM reform is now law. The guide below shows the wide-ranging provisions included in the CAA that have transformed the PBM industry.