Giant healthcare company sues Minnesota
February 7, 2025
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1:31Now PlayingGiant healthcare company sues Minnesota
YouTube Description
as posted by the channelA giant healthcare company is suing the State of Minnesota over a state law that is supposed to protect small pharmacies in rural parts of the state.
In 2019, Minnesota passed the Minnesota Pharmacy Benefit Manager Licensure and Regulation Act. It prevents Pharmacy Benefit Managers or PBMs from requiring customers on an insurance plan to go to a pharmacy that the PBM owns, often by mail order.
CVS Caremark, a PBM, was fined by the state of Minnesota in 2022 for steering patients to its own pharmacy system. The fine was for $1.5 million and CVS eventually settled for $500,000.
Cigna is pushing back against this law, saying Minnesota is "micromanaging relationships between insurance companies, PBMs and pharmacies."
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