Third-party companies that help set prescription drug prices would face tighter regulations under identical bills the Georgia House of Representatives and state Senate passed... Georgia lawmakers approve tighter regulations on pharmacy benefit managers

Third-party companies that help set prescription drug prices would face tighter regulations under identical bills the Georgia House of Representatives and state Senate passed unanimously Monday. Pharmacy benefits managers (PBMs) negotiate between insurance companies and pharmacies to set drug prices. But too often, PBMs hide behind unscrupulous practices that allow them to increase prices without sufficient oversight, said Rep. David Knight, R-Griffin.

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