FIC: PBM Licensing and MAC Pricing Audit Bill Passes Senate Committee
By: Katrina Callaway, FIC General Counsel SB 580 relating to licensing of pharmacy benefits managers (PBMs) and PBMs updating the MAC pricing information passed its first Senate Committee on April 3, 2017 without amendment. It has two committees left. The bill requires pharmacy benefit managers (PBMs) to obtain a certificate of authority (COA) from the…