Rosendale takes aim at drug-benefit managers

csimt In The News

By: Mike Dennison

State Auditor Matt Rosendale took action Wednesday against a pair of prescription drug-benefit managers, saying the companies must reveal more information about how they do business and influence drug prices in Montana.

Rosendale, whose office regulates health insurance, said the multibillion-dollar companies could be fined for operating without a state license – and can’t obtain one unless they provide the information.

He said Wednesday’s action is part of his efforts to create more “transparency” for medical and health-insurance prices, to help reduce health-care costs.

“If we can shed more light on these transactions, we’re going to be able to help drive the cost of pharmaceuticals down,” he told MTN News. “The pharmacy-benefit managers have had control over this industry like a cartel, and they feel like they don’t have to answer to anybody.

“And we, in my office, are going to make sure that they do not treat the consumers of Montana in that fashion.”

Read more at KXLH