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The AG wants a restraining order against marketing Tylenol as safe during pregnancy and stop a dividend payout.
The initiative has generated $4.7 million in member savings since its inception.
The bill requires PBMs to be licensed and end the practice of spread pricing, among other requirements.
The drugmaker will sell medications to Medicaid at most favored nation prices, the administration says.
The new model is intended to provide pharmacies with better financial means to stock more medicines, which is expected to alleviate drug shortages.
Reliance on the “big three” PBMs – CVS Caremark, Express Scripts and Optum Rx – has been slipping over the past year.
The group says an “unchecked” model would undermine the goal of allowing safety net providers to stretch federal resources.
Amneal Pharmaceuticals’ laboratory procedures resulted in visibly contaminated injectable medications, FDA says.
PBMs’ overseas group purchasing organizations may be used to avoid transparency and oversight, committee says.
The merger is intended to lower the cost of specialty medications and high-cost drug classes like GLP-1s.
