Pennsylvania Enacts Medicaid PBM Price Transparency Law

Gov. Wolf signed into law a bill that increases transparency regarding pharmacy benefit manager (PBM) pricing practices in the state’s Medicaid program. HB 941 (now Act 120 of 2020) allows the state Legislative Budget and Finance Committee to review how PBMs reimburse Medicaid plans, investigate reimbursement rates paid by PBMs to independent and chain pharmacies, and study the best practices adopted by other states to address concerns with PBM reimbursement practices.