Pennsylvania Attorney General Dave Sunday joined 44 other attorneys general around the country to advocate for a proposed federal rule that would require transparency from Pharmacy Benefit Managers (PBMs) around where they receive revenue.
PBMs are middlemen in the pharmaceutical industry that have faced scrutiny from lawmakers, regulators and critics for their alleged role in driving up drug costs. Initially, they were created to help insurance providers process prescription drug claims, and still fill that role. But they’ve also grown in the last several decades. They create what are known as formularies — the list of drugs that are covered by a plan — and negotiate rebates and reimbursements with drug manufacturers.