FOR IMMEDIATE RELEASE
December 11, 2020
STATEMENT FROM EXECUTIVE DIRECTOR: MICHAEL REFF
Contact: Kevin Scorsone, NCODA Legislative & Policy Liaison
Phone: (919) 903-2057
SUPREME COURT RULES UNANIMOUS: REGULATES PHARMACY BENEFIT MANAGERS
Decision confirms that states will have the right to regulate; brings clarity and optimism
Yesterday, December 10, 2020, the United States Supreme Court (Rutledge, Attorney General of Arkansas VS Pharmaceutical Care Management Association) unanimously decided that states can regulate Pharmacy Benefit Managers. Pharmacy Benefit Managers (PBM’s) are companies that oversee the prescription drug benefits on behalf of insurance companies along with Medicare Part D drug plans.
NCODA believes that this decision by the Supreme Court marks a significant day for pharmacists and pharmacies everywhere. Most importantly, this ruling provides patients the ability to have complete transparency when dealing with Pharmacy Benefit Managers and track the cost of their medications.