Kansas to require licensing for PBMs

New legislation will require pharmacy benefit managers in Kansas to obtain a license to operate in the state, according to CBS affiliate WIBW.

Advertisement

The legislation seeks to increase regulation of PBMs and provides additional protections for independent pharmacies in Kansas, according to Attorney General Derek Schmidt.

“At the attorney general’s office, we are holding PBMs accountable for unlawful business practices that have cost Kansas taxpayers tens of millions of dollars through public healthcare programs,” Mr. Schmidt said in an April 1 statement. “This bill will provide similar protections for Kansans throughout our state, including many independent pharmacies.”

The House passed the bill March 21 in a 120-2 vote, and the Senate approved the legislation 39-0 on March 30. 

The bill was sent to Gov. Laura Kelly’s desk April 1 for signing. 

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Pharmacy

Advertisement

Comments are closed.