The Alabama Department of Insurance (DOI) is creating a new pharmacy benefit manager (PBM) compliance division, DOI Commissioner Mark Fowler announced on Wednesday.

Governor Kay Ivey signed legislation regulating PBMs into law in April.

Fowler told lawmakers at a budget hearing on Wednesday the new law significantly expands the authority of the department in PBM regulatory work.

“It cleared up a question as to the department’s authority to fully enforce the Pharmacy Audit Integrity Act,” Fowler said. “Now, let me say that our department takes this new authority extremely seriously, and it has been putting all the necessary pieces in place to fully enforce compliance with all provisions of the PBM Act. We have spent countless hours in countless meetings with consultants, stakeholders

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