​AG Neronha announced today that the Office has concluded its enforcement action against pharmacy benefit manager (PBM) Prime Therapeutics, LLC for allegedly violating a state law restricting certain pharmacy audits by conducting unannounced audits of three Rhode Island pharmacies.

“Where there’s money to be made, there will inevitably be those willing to exploit an industry to maximize profit, and unfortunately, health care is not exempt. This is precisely why my Office filed a lawsuit against three of the largest PBMs last year. We allege that these groups often exploit the complex scheme of pricing and payment for prescription drugs, and take a cut of ever-increasing drug prices at every step of the way. Here, we allege that Prime Therapeutics violated the law when they caused undue administrative burden and disruption to three independent Rhode Island pharmacies by showing up unannounced and demanding to see their books. This kind of behavior can drive up pharmacy costs, limit care choices, and harm local businesses if left unchecked. So, we checked it.”  – AG Neronha