Schmidt announces PBM reform legislation signed into law - Tri-County Tribune

Schmidt announces PBM reform legislation signed into law - Tri-County Tribune

Topeka, Kan. – Kansas Insurance Commissioner Vicki Schmidt, today, announced that the Kansas Consumer Prescription Protection and Accountability Act has been signed into law. The legislation, written by Schmidt’s office, will help rein in pharmacy benefit managers (PBMs), which are the middlemen between drug and insurance companies who have been driving up prescription costs for decades.

New Law Targets Prescription Costs, PBM Practices

Do you work for a company whose insurance requires you to fill prescriptions through Express Scripts, CVS Caremark, or OptumRx? If so, thanks to bipartisan Senate Bill 20 which was signed into law last Thursday by Governor Laura Kelly, your prescription costs may soon be lower. The new law takes aim at pharmacy benefit managers, or PBMs, and how they operate, including increasing transparency in what they charge health plans or employers and wha…