Press Release: Representative Greg Smith Supports Audit of Pharmacy Benefit Managers
Apri 1, 2022
Representative Greg Smith Supports Audit of Pharmacy Benefit Managers
Salem, Ore. – Representative Greg Smith (R-Heppner) joined local pharmacists Ann and John Murray in a discussion with the Secretary of State's Audits Division regarding their upcoming performance audit of Pharmacy Benefit Managers in the Medicaid program.
"Constitutionally the Secretary of State has the authority to review contracts that may not be in the best interest of the State of Oregon. Legislatively, I have the responsibility to ensure taxpayer dollars are being used correctly and getting the greatest benefit for all of Oregon," said Representative Smith.
“We welcome the Oregon Secretary of State's audit of the Pharmacy Benefit Managers (PBM's) activities within the state Medicaid program. Many states in the nation have recently found astonishing savings in these audits. By increasing transparency and scrutinizing how PBM's are operating, we predict this audit will uncover funds that can be used to help Oregon's Medicaid program protect and benefit vulnerable Oregonians and maintain our fragile rural health care system and access to pharmacy services,” said John and Ann Murray who operate Murray Drugs Inc. with locations in Heppner, Condon, and Boardman.
It is an anticipated this extensive audit could take upwards of 18 months to complete.
"At the end of the day, I would hope there would be transparency in the auditing process and identification of waste and inefficacy," said Representative Smith.
Representative Smith serves as a Co-Chair of the Joint Ways and Means Subcommittee on General Government that works directly with the Secretary of State on the agency's budget, including the Audits Division. Moreover, Representative Smith is the ranking member on the Joint Legislative Audits Committee.
Representative Greg Smith