KASU

Pharmacy Benefit Managers

Arkansas State Capitol
Wikipedia.org

LITTLE ROCK, Ark. (AP) — Arkansas lawmakers wrapped up a three-day special session Thursday by completing work on legislation pertaining to pharmacy reimbursement rates, highway funding and college savings plans, just as Gov. Asa Hutchinson was saying he hopes such special sessions don't become routine.

At the 90-year-old Coker-Hampton Drug Company in downtown Stuttgart, the pharmacist and owner of the last 25 years, James Bethea, is deeply concerned about the reimbursement rates from Pharmacy Benefit Managers (PBMs) he believes are putting small pharmacies at risk of losing their businesses.

Bethea has chosen to continue to fill prescriptions even though a recent law in Arkansas allows pharmacists to refuse a sale if it meant that they would lose money due to reimbursement rates being lower than the price of the product.

“Those are our customers, and we’re going to take care of them,” he said.

Arkansas State Capitol
Wikipedia.org

LITTLE ROCK, Ark. (AP) — Members of the Arkansas Legislature ended their 2018 session Monday but will return to the state Capitol on Tuesday to address concerns over reimbursement rates arranged by pharmacy benefit managers in state health insurance plans and to tweak laws that could pinch off some federal highway funding.

Pixabay

LITTLE ROCK, Ark. (AP) — An Arkansas lawmaker says she'll drop her push to take up the issue of pharmacy reimbursement during the ongoing fiscal session after the governor assured that her proposal will be considered in a special session.

Arkansas State Capitol
Wikipedia.org

Gov. Asa Hutchinson told reporters Monday (Feb. 19) he will call lawmakers back to the State Capitol shortly after the ongoing fiscal session to pass legislation to address growing concerns on rising health costs associated with so-called PBMs, or pharmacy benefit managers.

Pixabay

State Sen. Ron Caldwell, R-Wynne, and Rep. Vivian Flowers, D-Pine Bluff, both contend that a path for passage of Arkansas Works exists in this fiscal session, but both say their votes are dependent on how federal waivers will affect the program. The two Delta legislators also said they have stipulations before agreeing to any future tax cuts, such as the $180 million top income tax bracket reduction pushed by Gov. Asa Hutchinson.

Arkansas Governor Asa Hutchinson with Roby Brock of Talk Business and Politics
Talk Business and Politics

Rising pharmacy reimbursement rates are a part of the cost structure between pharmacist, health insurance plans, and a group known as PBMs—Pharmacy Benefits Managers.  Roby Brock with Talk Business sits down with Arkansas Governor Asa Hutchinson to talk about potential legislative remedies for this seemingly dire situation as a private solution may be in the works.