Oklahoma Panel Clears Prescription Drug Regulation Bill

Calling it a matter of public safety, a state lawmaker convinced an Oklahoma House committee to extend state oversight to companies that act as middlemen between pharmacies and people filling prescriptions through their employer’s health insurance. Pharmacy benefit managers, or PBMs, are private companies that contract between employers and pharmacies, often arranging for workers to receive their prescription drugs through the mail. The legislation would require PBMs to get a license from the Oklahoma State Board of Pharmacy and to share more information with customers about their inner workings.
Insurance Journal