Cash-Strapped States Eye Reverse-Auction PBM Procurement

With the economic fallout from COVID-19 driving billions of dollars in projected state budget shortfalls over the next few years, officials around the country are taking a hard look at how to cut costs. Against that backdrop, more states may consider replicating a concept pioneered by New Jersey: a reverse-auction PBM procurement model.

Trish Riley, executive director of the National Academy for State Health Policy (NASHP), tells AIS Health that states “definitely are” looking at the idea more closely, “particularly as the budgets get tighter in state governments.”

© 2023 MMIT
Leslie Small

Leslie Small

Leslie has been reporting and editing in various journalism roles for nearly a decade. Most recently, she was the senior editor of FierceHealthPayer, an e-newsletter covering the health insurance industry. A graduate of Penn State University, she previously served in editing roles at newspapers in Pennsylvania, Virginia and Colorado.

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