Posted by Michael Wonder on 02 Nov 2021
Delaware to regulate multi-billion dollar pharmacy benefit manager industry, protecting consumers and local businesses
2 November 2021 - Department of Insurance will lead effort to rein in monopolistic behaviour and excessive pharmaceutical costs.
Insurance Commissioner Trinidad Navarro announced today that the Delaware Department of Insurance will begin the process of building and enforcing regulations regarding Pharmacy Benefit Managers as a new law goes into effect.
The new authorities of the department will ensure consumer access to affordable medications and protect local pharmacies from the predatory behaviours exhibited by the Pharmacy Benefit Management industry through measures of transparency and corporate accountability.
