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WMC Testifies on Pharmacy Benefit Manager Legislation

WMC’s Rachel Ver Velde testified on legislation regarding pharmacy benefit managers (PBMs), sharing concerns about a few key provisions in AB 773.

The high cost of health care has consistently been a top concern of Wisconsin employers. Wisconsin’s healthcare costs are higher than the national average. A large driver of increased health care costs are prescription drugs, particularly for employers. Prescription drugs account for 16.1% of fully insured private health plan premiums after rebates.

AB 773 would increase government regulations on PBMs and restrict their ability to work in the marketplace, increasing costs for employers.

Click here to read WMC’s testimony. 




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