Schraa Authors Pharmacy Benefit Manager Bill
It started with a conversation between a small town pharmacy owner and State Representative Michael Schraa in regards to Pharmacy Benefit Managers and their unfair business practices. It turned into a Bill being passed unanimously in the State Assembly in Madison.
Schraa, a Republican from Oshkosh, said it really hit home with his PBM denied medication to his wife and daughter, causing serious health issues. Now, Assembly Bill 114 will require that all PBM’s be licensed by the state. The bill also includes important consumer protections, such as allowing pharmacists to tell customers about lower cost alternatives and restricting formulary changes.
Forty other states have also enacted various PBM reforms, and had major bipartisan support with 104 co-sponsors from both the Assembly and the Senate. Schraa says it’s clear that “Wisconsin legislators are concerned about protecting our citizens’ health.”