LITTLE ROCK, Ark. -- - (via KARK )
Governor Asa Hutchinson has signed the Pharmacy Benefits Manager (PBM) bill into law. It's the first of its kind in the nation.
The PBM measure was overwhelmingly approved by both chambers of the Arkansas legislature on Wednesday. It regulates pharmacy benefit managers, who have been at the center of a dispute over cuts in reimbursements that are paid to pharmacists.
Hutchinson followed up the signing ceremony with the announcement of a plan to reorganize state agencies into fewer than 20 departments as part of his cabinet. This amounts to a 50 percent reduction.
“This will not be easy. There will be some worried about their jobs,” he said. “This sets the stage for next year’s session.”
There are 43 state departments that currently report to the governor.
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