PBM regulations

PBM regulations govern pharmacy benefit managers, companies that administer prescription drug plans for insurers and employers. These regulations aim to ensure transparency in pricing, prevent conflicts of interest, and promote fair competition. They require PBMs to disclose how they set drug prices and rebates, and to operate under standards that protect consumers from deceptive practices. Overall, regulation seeks to balance cost control, access, and quality of care, making prescription drugs more affordable and ensuring that PBMs act in the best interests of patients and payers.