Cash-Strapped States Eye Reverse-Auction PBM Procurement
September 10
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.”
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