State Law Regulating PBMs Not Pre-Empted by ERISA
By EsqSocial Corporation 31/12/20
The Supreme Court recently held that the Employee Retirement Income Security Act (“ERISA”) does not preempt an Arkansas law regulating Pharmacy Benefit Managers (“PBMs”). PBMs generally act as intermediaries between health plans and pharmacies, providing services such as claims processing, negotiating rebates from drug manufacturers, and setting pharmacy reimbursement rates....
By: Hodgson Russ LLP