Florida Update: ATAP Urges Support for PBM Bill as It Clears Another Hurdle
ATAP is pleased to report that a Florida bill aimed at regulating PBMs (HB 351) has cleared another important hurdle: the Health and Human Services Committee yesterday voted unanimously in favor of passing the bill out of committee.
ATAP sent a letter to Committee Members earlier this week expressing our support for HB 351 and urging them to support this legislation and vote in favor of the bill.
As we previously reported, the bill would require PBMs conducting business in Florida to register with the Office of Insurance Regulation and would impose additional requirements on MAC (maximum allowable cost) Lists, which are used to determine the amount that the PBM reimburses a pharmacy in its network for dispensing generic drugs. The bill also takes aim at gag clauses and clawbacks.
ATAP applauds the House Health and Human Services Committee for recognizing the importance of regulating PBMs in Florida as emphasized in our letter and voting in favor of the bill. We will continue to actively support HB 351 as it continues to make its way through the legislature. Please continue to check the ATAP websites for updates on the status of this bill and other PBM reform efforts throughout the country.
If you have additional questions or would like more information on this legislation or ATAP efforts in general, please do not hesitate to contact ATAP staff.