pills in bottle made of dollarsPharmacies stand to gain some $100 million to stem the tide of lowreimbursements that has caused numerous pharmacies to close overthe past several years. (Photo: Shutterstock)

Ohio has changed the way it deals with pharmacy benefit managersin its new two-year budget.

According to the Columbus Dispatch, legislators were determinedto cut the authority of privately managed care companies and thePBMs they hire and at the same time add transparency to the state'sMedicaid drug supply chain. They approved a measure that gives thestate new authority over prescription drugs intended for the poor,blind and disabled by cutting out managed care plans.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.