Arkansas Governor Sarah Huckabee Sanders and Insurance coverage Division Commissioner Alan McClain introduced Tuesday notices of penalties and hearings in opposition to 4 main pharmacy profit managers (PBMs), Caremark, Magellan, Categorical Scripts, and MedImpact.
These enforcement actions comply with on the heels of a June 28, 2024, bulletin issued by the Insurance coverage Division advising PBMs to stop paying Arkansas pharmacies beneath the nationwide common drug acquisition price (NADAC), in violation of state legislation. The Division is searching for a $5,000 wonderful for every cost made beneath NADAC pricing.
PBM Caremark is alleged to have dedicated roughly 217 violations, Magellan, 50 alleged violations, and Categorical Scripts, 19 alleged violations. That is the biggest pharmaceutical enforcement motion in Arkansas historical past, totaling $1.47 million in attainable penalties.
Supply: Workplace of the Governor of Arkansas
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