Bipartisan Concern Grows Over Pharmacy Benefit Managers

Why it matters locally: Massachusetts residents, particularly those relying on prescription medications, could see impacts from potential state-level legislative action regulating PBMs, similar to measures passed in other states. The healthcare industry, a key sector in Massachusetts, would also be affected by any changes in PBM oversight.

Politicians and patients from both Republican and Democratic parties have voiced shared concerns regarding pharmacy benefit managers, commonly known as PBMs. This bipartisan sentiment has manifested in legislative action within some states. Tennessee and Arkansas have enacted regulations concerning PBM operations. These measures reflect a broader trend of increased examination into how PBMs function within the healthcare system. Amye Joseph, a Democrat from Elizabethton, Tennessee, and Charlie Joseph, a Republican also from Elizabethton, Tennessee, illustrate this convergence of opinion. Both individuals have expressed dissatisfaction with PBMs, despite their differing political affiliations.