Pharmacy Benefit Manager Settles Case with State

csimt In The News

By: Daily Inter Lake

Rosendale announced the settlement with the pharmaceutical industry middleman as the latest development in his office’s prescription Drug Savings Initiative to reduce the high costs of prescription drugs and reform the way the pharmaceutical industry operates in Montana. As part of the initiative, Sen. Al Olszewski, R-Kalispell, is sponsoring legislation drafted by Rosendale’s office to reform the way the prescription drug industry operates in Montana.

Senate Bill 71 would make insurance companies accountable for the prescription drug benefits offered through their health insurance plans. It would eliminate unethical practices, including kickbacks, price gouging, and clawbacks by pharmaceutical industry middlemen that result in Montanans overpaying for medication. The bill will be introduced in the 2019 Montana legislative session.

Read more at the Daily Inter Lake