PBM Bill Signed Into Law & in the News!

Governor Walker Signs bill at Ron’s Apothecary Shoppe in Juneau

HB 240–Drug Pricing; Pharmacy Benefits Managers
Effective 9/4/18

SPONSORS: REPRESENTATIVES GUTTENBERG, Ortiz, Kreiss-Tomkins, Parish, Kito, Knopp, Gara, Drummond, Spohnholz, Kawasaki, Stutes, Kopp, Tuck, Tarr SENATORS Giessel, MacKinnon, Micciche, Stevens, Gardner, Egan, Kelly, Stedman, Begich, Wielechowski, Coghill, Olson, Meyer, Hughes, Bishop

“An Act relating to prescription prices available to consumers; relating to penalties for certain pharmacy or pharmacist violations; relating to the registration and duties of pharmacy benefits managers; relating to procedures, guidelines, and enforcement mechanisms for pharmacy audits; relating to the cost of multi-source generic drugs and insurance reimbursement procedures; relating to the duties of the director of insurance; and providing for an effective date.”

Pharmacy Industry Will Improve, Signing HB240 into law helps consumers, pharmacists
(Fairbanks Daily News-Miner)

Legislation Signed to Regulate the Middle-Men Between Pharmacies and Insurance Companies
(Alaska House Majority Coalition)