Louisiana Lawmakers Pass PBM Reform Act: A Win for Patients and Local Pharmacies
BATON ROUGE, La. (WAFB) – In a significant move to enhance healthcare transparency, Louisiana legislators have successfully passed the PBM Reform Act (HB 264), aimed at regulating pharmacy benefit managers (PBMs). The bill, which garnered strong bipartisan support, is now set to be signed into law by the governor.
Key provisions of the legislation include a ban on spread pricing, ensuring that discounts on medications are passed directly to patients or their health plans. Additionally, the law promotes equitable payment practices for local pharmacies, bolstering community healthcare providers.
To oversee ongoing PBM practices, the act also establishes a PBM Advisory Council, tasked with monitoring the industry and advising on necessary future reforms. This comprehensive approach is expected to improve drug pricing transparency and promote fair competition within the pharmaceutical market, ultimately benefitting patients across Louisiana.
The passing of this reform reflects a growing commitment among lawmakers to address healthcare challenges and prioritize the needs of both patients and local pharmacies in the state.
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