MTPR

Matt Rosendale

The House chamber at the Montana Legislature.
Nick Mott / Montana Public Radio

HELENA, Mont. (AP) — Montana lawmakers did not have enough support to override four vetoes by Democratic Gov. Steve Bullock, including a strongly supported bill that sought to give health insurers the ability to regulate pharmacy benefit managers.

Average Monthly Premiums for Second-Lowest Cost Silver Plan in Montana 2016-2019.
Data from: Centers for Medicare and Medicaid Services, https://go.cms.gov/2Jp5SkE

Health insurers say premiums on the individual market could drop between 10 and 20 percent once a new bill is signed into law. The Montana Reinsurance Association Act is expected to be signed by Gov. Steve Bullock later this week.

The bill creates a new pool of money to help health insurers cover the cost of high ticket claims for health care.

Tonight on Capitol Talk: It was hard-fought, but Medicaid expansion will continue in Montana, and Gov. Bullock is celebrating the big legislative win. Moderate Republicans once again tipped the scales on Medicaid and other big items. Greg Gianforte appears ready to leave Congress, giving Democrats a glimmer of hope of retaking the seat. The Legislature is ready to wrap up after the Easter break.

Prescription drugs. Stock photo.
iStock

A plan for new regulations on insurance companies and their obscure contractors in the prescription drug supply chain is moving forward in the Montana Legislature.

The bill coming from State Insurance Commissioner Matt Rosendale would put new rules on the contracts between health insurance companies and pharmacy benefit managers, or PBMs.

Prescription drugs. Stock photo.
iStock

A proposal to regulate an obscure but important player in the prescription drug industry divided Democrats and Republicans as it passed out of the state Senate today.

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