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Caption Georgia lawmakers have moved in recent years to curb many Pharmacy Benefit Managers negotiating practices that advocates consider harmful to patients. Credit: Stock photo
Prescription-drug price negotiators are taking stock of new state laws that aim to clamp down on predatorial pharmaceutical practices that some companies worry could hamper efforts to lower medication costs in Georgia.
Patient advocates and representatives from groups called pharmacy benefits managers (PBMs) contracted with health insurers to negotiate lower drug prices are awaiting data from new prescription-cost reporting required in legislation state lawmakers passed last year.
That legislation forces PBMs to start publicly reporting how close to a national average many health plans’ drug prices were negotiated. It also requires that PBMs give state officials some confidential information on rebates and other negotiating tools.
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