Pharmacies stand to gain some $100 million to stem the tide of low reimbursements that has caused numerous pharmacies to close over the past several years. (Photo: Shutterstock)
Ohio has changed the way it deals with pharmacy benefit managers in its new two-year budget.
According to the Columbus Dispatch, legislators were determined to cut the authority of privately managed care companies and the PBMs they hire and at the same time add transparency to the state's Medicaid drug supply chain. They approved a measure that gives the state new authority over prescription drugs intended for the poor, blind and disabled by cutting out managed care plans.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
