- with readers working within the Pharmaceuticals & BioTech industries
Member Theresa Carnegie, Associate Hassan Shaikh, and Law Clerk Grace Callander wrote an article published by the Employee Benefit Plan Review focused on the key provisions of a set of new regulations for PBMs and health plans operating in California, including requirements related to governance and oversight, transparency and pricing, and enforcement.
The authors write,"SB-41 introduces new contractual and operational requirements that will require most PBMs active in the state to adjust their existing financial and contractual relationships. The law contains many requirements similar to existing PBM regulation in other states, however, SB-41's requirements related to PBM compensation are novel at the state level."
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