Okla. bill would grant pharmacy board oversight of PBMs

03/25/2013 | Tulsa World (Okla.)

A proposed bill before the Oklahoma Senate Business and Commerce Committee would grant the state pharmacy board authority to oversee pharmacy benefit managers. If passed, the bill would create a conflict of interest for pharmacists on the board, who compete with pharmacy benefit managers, critics say. "What you are doing is creating a financial conflict of interest, granting them regulatory power over those with whom they contract," said Charles Coté, vice president of strategic communications at the Pharmaceutical Care Management Association.

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Tulsa World (Okla.)