Expert: Pharmacy board oversight of PBMs is inappropriate

05/30/2013 | Managed Healthcare Executive

Allowing state pharmacy boards to oversee pharmacy benefit managers creates a conflict of interest and is outside the scope of the boards' appropriate authority, says Ed Buthusiem, a director at Berkeley Research Group. Pharmacy boards should regulate pharmacists, not competitors, Buthusiem said. "It is a conflict of interest to be regulated by those with whom PBMs contract, those who negotiate their payments. It would open up a hornet's nest," added PCMA President and CEO Mark Merritt. In addition, the Federal Trade Commission says such provisions could ease collusion, raising prescription drug prices.

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