Michigan Gov. Gretchen Whitmer (D) has signed into law bills to ban spread pricing in Medicaid and to license pharmacy benefit managers and make them disclose information about their business practices. The bills are based on recommendations by the governor’s Prescription Drug Task Force, which was established in 2020. Whitmer signed three PBM reform bills, though there is some overlap among them. The laws require PBMs to be licensed by the state’s Department of Insurance and Financial Services. PBMs must...