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Pharmacy Receipt The law would have required PBMs not only to reimburse pharmacies at or above their wholesale costs paid for generic drugs, but also keep them from paying their own drugstores more than they pay others. (Photo: Shutterstock)

The Supreme Court will be reviewing a decision by the 8th Circuit Court of Appeals that held that the Employee Retirement Income Security Act restricts states’ ability to regulate how pharmacy benefit managers set drug prices charged to pharmacies and by extension to consumers.

Marlene Satter

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

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