California’s New Pharmacy Benefit Management Company Registration Requirements—A Sign of Things to Come?
This Bulletin is brought to you by AHLA’s Life Sciences Practice Group.
- April 15, 2020
- Melissa Borrelli , Mazars USA LLP
In the absence of meaningful federal action to curb prescription drug costs, many states are taking matters into their own hands. While not the first or only state to require Pharmacy Benefit Managers (PBMs) to either register with or be licensed by the state, new legislation in California requiring the registration of certain PBMs likely represents a monumental shift toward increasing PBM regulation at the state level throughout the country.
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