Fighting to Lower Prescription Drug Costs
September 16, 2023
The Atlanta Journal-Constitution: Georgia House Bill 343 seeks to guarantee 50% of the discounts received by pharmacy benefit managers are transferred to the patient when the drug is sold to them. It also would require the companies to report to the state regarding their financial behaviors.
State Rep. Mark Newton, an Augusta Republican and sponsor of the bill, said the proposal builds on the already-existing state law. “PBMs still operate in an essentially black box with no transparency,” he said. “There’s no way to tell how much of the rebate is going to the patient.”