Del. Insurance Department To Regulate Pharmacy Benefit Manager Industry

bongino-promo

The Delaware Department of Insurance will regulate the pharmacy benefit manager industry. PBMs are a multi-billion dollar intermediary business that influences the costs of medications and what is covered by prescription drug plans. State Insurance Commissioner Trinidad Navarro said through a new state law (HB 219), the department will have the ability to take enforcement…

Read More

Auditor: State Should Be Refunded $24.5-M For Prescription Overpayments

build-a-better-community-OCMD

Delaware should be paid back $24.5- million it was overcharged for state employees’ prescription drug plan benefits, according to State Auditor Kathy McGuiness. McGuiness released a special report last week which indicated that the state paid 20-percent more in prescription costs between 2018 and 2020, three times the average inflationary rate for prescription drugs. The…

Read More

Auditor: Del. Prescription Program Overspent By $24.5-M

Hermann-Financial

Delaware has been overpaying its pharmacy benefits manager for state employees’ prescription drug coverage over a three-year period. The overpayment amounts to $24.5-million taxpayer dollars, according to a special report from State Auditor Kathy McGuiness. 鈥淔or fiscal years 2018 through 2020, the State of Delaware spent hundreds of millions of dollars on prescription drugs for…

Read More