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MI to Weigh Ban on Stock Buybacks for Companies Receiving Tax Breaks Michigan Sen. Mallory McMorrow (D) introduced a bill ( SB 783 ) that would prohibit publicly traded companies receiving economic incentives...
VA House Passes Paid Sick Leave Bill Virginia’s House of Delegates approved a bill ( HB 5 ) that would expand the state’s current paid sick leave law, which applies only to a small segment...
VA Lawmakers Okay Prescription Drug Affordability Board Virginia lawmakers have passed legislation ( SB 271 / HB 483 ) that would create a prescription drug affordability board to review drug prices...
Geolocation data has become a new frontier in privacy protection. This year, Virginia could join Maryland and Oregon as the first states to prohibit the sale of information that provides the precise...
Insurance Bill Raises Concerns in FL A fast-moving bill ( SB 1028 ) in Florida, sponsored by Sen. Joe Gruters (R), chairman of the Senate’s Banking and Insurance Committee, would require Citizens...
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Pharmacy benefit managers (PBMs) are companies that contract with health insurers and employers to manage the prescription drug benefits for millions of Americans. They function as third-party administrators of prescription drug coverage, providing a wide variety of services that range from negotiating prices with drug companies to processing claims from insureds.
By late-2023, all 50 states had passed at least some legislation to regulate PBMs, according to the National Academy for State Health Policy. Most of these laws brought PBMs under state regulatory authority and established some basic regulatory framework for their operations. But the heat was turned up over the past year.
In August 2024 the State Net Capitol Journal™ reported that more than 100 bills dealing substantively with PBMs had been considered in 26 states at that point of the 2023-2024 legislative biennium, and at least 13 of those measures had been enacted
Download the latest State Net Capitol Journal thought leadership article to learn more.