HB 238
This bill aims to further regulate the practice of pharmacy benefits managers (PBMs) in Alabama. PBMs are intermediaries between insurers and pharmacies that manage prescription drug benefits on behalf of health insurance providers. The bill proposes an amendment to several sections of the Alabama Code 1975 in relation to PBMs, with several key caveats: - It prohibits PBMs from reimbursing pharmacies less than the actual drug acquisition cost and from paying less to pharmacies than what is reimbursed by third-party payors (insurance companies or entities that pay medical claims on behalf of patients). - [...]