The Florida House on Friday unanimously approved of a bill authored by Rep. Jackie Toledo (R-Tampa) that would lead to increased oversight of Pharmacy Benefit Managers, who act as middlemen between health insurers and pharmaceutical companies.
The bill, House Bill 357, would grant the Office of Insurance Regulation (OIR) the ability to audit and fine pharmacy benefit managers for violations of the requirements they are held to per their registration with state oversight while also giving pharmacies the ability to appeal audit findings made by health plans and Pharmacy Benefit Managers using American Health Care Association’s existing dispute resolution program. Current law does not permit OIR to hold the necessary power to regulate and enforce adherence to Pharmacy Benefit Managers.
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