ND department warns 25 pharmacy benefit managers
BISMARCK – The North Dakota Insurance Commission has notified 25 pharmacy benefit managers (PBMs) of apparent unlicensed activity in the state. North Dakota Insurance Commissioner Jon Godfread said in a news release that the PBMs have 20 days after receiving the notice to submit a complete license application before cease-and-desist orders are issued. PBMs serve as middlemen between insurers, pharmacies and drug manufacturers. They influence prescription drug pricing, coverage and pharmacy reimbursement, affecting what North Dakotans pay for medications and the ability of local ...