A law firm monitoring the regulation said the proposed rules are "comprehensive," even though "scaled back" from a previous version.
February 07, 2024 at 01:08 PM
3 minute read
Litigation Reporter
New York’s financial services watchdog is accepting public comments through Feb. 16 on proposed pharmacy benefit manager regulations that are intended to strengthen consumer protections and address anti-competitive conduct.
The proposed set of rules follows New York’s enactment of a 2021 law that is aimed at rooting out the former common practice of spread-pricing, which enables PBMs to charge pharmacists higher prices than they pay to manufacturers, yielding additional unknown profits.
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Pharmacy shelves. Courtesy photo
