Del. Insurance Department To Regulate Pharmacy Benefit Manager Industry

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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…

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

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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…

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