Indiana looks to take on their expenses to PBMs. Amazingly, Indiana law doesn't require the managers to turn back all of the money they save Indiana. The article says Indiana is one of the few states without that requirement. What the heck?
It in no way makes sense to negotiate with a CVS affiliate to determine what cost CVS will charge as if the affiliate was a neutral broker (just to pick on the CVS /Caremark relationship as an example). There must be a better way.
It in no way makes sense to negotiate with a CVS affiliate to determine what cost CVS will charge as if the affiliate was a neutral broker (just to pick on the CVS /Caremark relationship as an example). There must be a better way.
The company behind the report, RxConnection, LLC, said a contractual loophole called “off-setting language” allows PBMs to keep more money they’re supposed to pay back to the state.
”Indiana is one of the few states that allows this to even happen to begin with, and so that’s an area that definitely needs to be addressed,” State Sen. Andrea Hunley (D-Indianapolis) said.