Patients win as West Virginia implements first-in-nation share the savings policy

West Virginia took a big step towards making insurance work like it should last week. As of July 1,thanks to bipartisan state legislation passed and signed by the Governor in 2021, insurers and their pharmacy benefit managers (PBMs) are required to share the savings they negotiate on medicines directly with West Virginia patients. This makes the Mountain State the first in the nation to answer the question:If health insurance companies and middlemen don ’t pay the full price for medicines, why are you?
Source: The Catalyst - Category: Pharmaceuticals Authors: Tags: Health Insurance Out-of-Pocket Costs Pharmacy Benefit Managers Policy Solutions Source Type: news