Pharmacies Face Extra Audit Burdens That Threaten Their Existence
Pharmacy benefit managers switched to virtual audits during the pandemic, which increased reviews, payment denials and their profits.
Pharmacy benefit managers switched to virtual audits during the pandemic, which increased reviews, payment denials and their profits.
The House unanimously passed legislation Wednesday morning to better regulate pharmacy benefit managers, giving enforcement powers to the Oregon Department of Consumer & Business Services, designed to ensure the PBMs act lawfully and treat pharmacists fairly.
Pharmacists appear poised to add significant teeth to the state law regulating pharmacy benefit managers, persuading the Legislature to make the first changes to the law since it was enacted in 2013.
The Oregon State Pharmacy Association is gearing up for another run at fixing the kinks in the state laws governing pharmacy benefit managers so that these large for-profit companies won’t push the last mom-and-pop pharmacies to close their doors.