Pharmacists Hoping Cuomo Will Sign Bill To Regulate Healthcare Middlemen
By Gabe Herman
Time’s running out for pharmacists across New York City and State seeking financial relief through legislation awaiting Governor Andrew Cuomo’s signature.
A state bill to regulate prescription drug middlemen, known as Pharmacy Benefit Managers (PBMs), was sent to Cuomo’s desk last week after the State Senate and Assembly passed it in June.
Independent pharmacists have been advocating for the legislation, and are now hoping that Cuomo will sign the bill, which they say would prevent PBMs from causing higher costs for pharmacies and patients. The legislation would require PBMs to be regulated and licensed.