PCMA and NACDS respond to PBM reform legislation in Illinois
The legislation includes banning spread pricing and requiring PBMs to pass 100% of manufacturer rebates to health plans or patients.
The legislation includes banning spread pricing and requiring PBMs to pass 100% of manufacturer rebates to health plans or patients.
PCMA voiced support for a series of legislative and regulatory reforms.
PCMA hailed the measure as a critical step toward fostering greater market competition and reducing drug costs.
PCMA argues the law is unconstitutional and may disrupt access to mail-order and specialty medications.
Kamal succeeds David Joyner, executive vice president of CVS Health and president of CVS Caremark, who completed his term as PCMA’s board chairman.