Ohio regulator orders insurers, benefit managers to give lowest drug price


5 April 2018 - The Ohio Department of Insurance said on Wednesday that pharmacy benefit managers and insurers would have to disclose the lowest price for a prescription drug for Ohio consumers, part of a move to prevent insured consumers potentially paying more than those without insurance.

Two of the largest pharmacy benefit managers, Express Scripts and CVS Health Inc said their contracts include clauses by which members receive the lowest cost automatically.

“We do not engage in this anti-consumer practice and are working constructively with state and federal policymakers to ban the practice,” Express Scripts spokesman Phil Blando said in a statement.

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Michael Wonder

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Michael Wonder

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Medicine , US , Regulation , Pricing , Ohio