With the encouragement of Governor Michelle Lujan Grisham, yesterday Hector Balderas, the Attorney General, and Russell Toal, the Superintendent of Insurance, sent a joint letter to all licensed Pharmacy Benefit Managers (PBMs) in the state urging them “to review their practices to ensure compliance with all state and federal law, with the Unfair Practices Act and the PBM regulations adopted by the Office of the Superintendent of Insurance, and self-report any potential or real noncompliance to our offices in writing with the next thirty days.”

PHARMACY BENEFIT MANAGERS & CENTENE SETTLEMENT