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From Drug Benefit News - New York is leading the charge among states trying to contain rising Medicaid drug prices, putting into its new state budget rules that create a drug utilization review board and cap the program’s annual drug spend. Statewide health plan groups applaud the state’s effort, but industry experts say some implications for Medicaid managed care plans remain unclear. “Currently, health plans spend more on pharmaceuticals than they do on doctors,” says spokesperson Deborah Fasser of the New York State Conference of Blue Cross Blue and Shield Plans (NYSCOP). Read more
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