Pennsylvania Gov. Josh Shapiro. Credit: Shapiro
Pennsylvania Gov. Josh Shapiro last week signed House Bill 1993, a bill that updates the state's pharmacy benefit manager reform law.
The new law will require PBMs to register with the Pennsylvania Insurance Department every two years; increase the registration and renewal fee for PBMs to $10,000, from $1,000; and subject any self-funded employer plan that acts as a PBM to the registration requirement.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
