Alva Review-Courier -

LITTLE ROCK, Ark. (AP) — An Arkansas House panel advanced a proposal Tuesday to regulate pharmacy benefit managers, as lawmakers began a special session focused primarily on addressing a cut in reimbursements rates pharmacists have seen.

The House Insurance and Commerce Committee endorsed a proposal that would also allow the state Insurance Department to require the pharmacy benefit managers, or PBMs, to license with the state. PBMs run prescription drug plans for employers, government agencies and insurers, among other clients. They use their large purchasing power to negotiate prices.

The le...