AG Davenport, Bipartisan Coalition Support Federal Rule to Increase PBM Transparency in Drug Pricing
Governor Mikie Sherrill advocated for PBM oversight in her budget address, noting potential multimillion-dollar savings for the state's Medicaid program.
New Jersey AG Jennifer Davenport and a 45-state bipartisan coalition are urging the federal government to mandate transparency for Pharmacy Benefit Managers (PBMs). The move seeks to lower drug costs by allowing employers to audit how these healthcare middlemen generate revenue and negotiate prices.
