New York’s Pharmacy Benefits Bureau Requests Public Comments Regarding PBMs

The New York State Department of Financial Services’ newly established Pharmacy Benefits Bureau (“Bureau”) has requested Public Comments regarding Pharmacy Benefit Managers (“PBMs”) in New York. The Bureau, as an Administrative Agency, has the authority to enact rules and regulations that could potentially benefit independent pharmacy providers, plan sponsors, and other interested parties throughout New York (and beyond). These entities now have an incredibly unique opportunity to offer guidance to the Bureau on the issues they are facing and which require immediate attention.
 
The Bureau’s Request For Information (“RFI”) seeks public comments and information on a wide range of issues related to PBMs and their relationship with health plans and various providers in New York and the surrounding areas. The Bureau encourages any interested parties to comment on any issues or concerns relevant or appropriate for their consideration and to submit written data, views, facts, and opinions addressing the issues by June 17, 2022.
 
This is a tremendous opportunity to be a leader on important issues and share your unique perspective on PBMs with the Bureau and participate in New York’s rulemaking process.
 
Frier Levitt is prepared to assist you in preparing and submitting a comment to the Bureau on a reasonable flat fee rate. We have prepared commentary to state and federal agencies as part of many rulemaking processes in the past. Please complete the form below by June 7, 2022 if you would like to participate in this process and ensure we have ample time to prepare your comment.
 
We look forward to being a continued resource for you. Please contact a Frier Levitt attorney with any questions.

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