In January, a new Idaho law will take effect requiring reform of business practices by pharmacy middlemen — in search of tamping down prescription drug costs.
The new law targets pharmacy benefit managers, known as PBMs, which are essentially middlemen in the process of delivering pharmaceutical drugs to patients. They are meant to save costs by working with health insurance companies, pharmacies, drug manufacturers and others.
But recently, PBMs have been under scrutiny. A recent report by federal regulators said PBMs drive up costs. U.S. Sen. Mike Crapo, R-Idaho, has pushed for federal PBM reform that has stalled in Congress…