A proposal approved by the Iowa House would direct a state agency to investigate whether prescription drug industry middlemen are overcharging Iowa’s Medicaid program. Representative John Forbes, Democrat from Urbandale, is a pharmacist. He says the State of Ohio found these pharmacy benefit managers — or P-B-Ms — overcharged that state’s Medicaid program by more than 200-million dollars.
*
Representative Joel Fry, a Republican from Osceola, says Forbes has unearthed concerning data from Ohio’s experience with prescription benefit managers.
*
The proposal passed the House unanimously. It’s included a larger bill that outlined spending for five state agencies. A separate bill that cleared the Senate this week calls for an annual report on the fees prescription drug benefit managers charge the state’s Medicaid program. That bill also seeks an accounting to determine if the prescription drug managers pass along all the savings from the rebates offered by manufacturers of prescription medications.