Emergency Rule Proposal Against Pharmacy Benefit Managers Gets Rejected
Thursday, 19 December 2024, 13:54
Emergency Rule Proposal Overview
In a significant development, the emergency rule aimed against Pharmacy Benefit Managers has been struck down. This decision comes from the Arkansas Insurance Department following a vote that halted the continuation of Rule 128.
Governor's Response
Governor Sarah Huckabee Sanders issued a statement on December 19th, addressing the implications of this ruling. She highlighted the ongoing challenges faced by independently owned pharmacies due to current drug formularies and how the rejection might affect healthcare costs.
Impact on Drug Formularies
- Rule 128 was designed to modify the existing framework governing what drugs are covered.
- The rejection raises concerns about affordability in accessing necessary medications.
Potential Consequences
- Healthcare costs may continue to escalate without regulatory oversight.
- Independently owned pharmacies could struggle to compete.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.