House committee OKs crackdown on pharmacy-benefit managers

A House committee on Tuesday recommended passage of bipartisan legislation aimed at lowering drug prices by targeting little-known middlemen in the pharmaceutical price chain. House Bill 479, by Reps. Scott Lipps, R-Franklin, and Thomas E. West, D-Canton, would put into state law regulations on pharmacy-benefit managers, or PBMs, recently imposed by the Ohio Department of Insurance.