Reining in Pharmacy Middlemen

Date: 19 Sep 2018 | posted in: Retail | 0 Facebooktwitterredditmail

PBMs use several tactics to undermine competition and monopolize the prescription market. In some cases, they impose mandatory mail-order clauses on health plans and their customers, compelling people to obtain certain prescriptions through the mail rather than from a local pharmacy. PBMs commonly offer independent pharmacies take-it-or-leave it contracts that force them to either accept reimbursement rates that leave them losing money on some prescriptions or be left out of an insurer’s network altogether.… Read More

Internet Sales Tax Fairness

Date: 9 Apr 2018 | posted in: Retail | 2 Facebooktwitterredditmail

Even as online sales have grown into a multi-trillion-dollar force in the U.S. economy, states have been limited in their authority to require e-commerce companies to collect state and local sales taxes. As a result, cities, states, and local businesses, along with the citizens and customers who rely on them, have all been hit with negative impacts: The policy has placed local businesses at an unfair disadvantage, and has undermined state and local tax revenues. Now, the fight to require online retailers to collect sales taxes just as brick-and-mortar retailers do is intensifying. It’s currently being waged on three fronts: At the U.S. Supreme Court, at the state level, and in Congress.… Read More

Public Banks: Bank of North Dakota

North Dakota is the only state so far that has established a publicly owned bank. Founded in 1919, the Bank of North Dakota has a mission to “promote agriculture, commerce, and industry” and “be helpful to and assist in the development of… financial institutions… within the State.” BND functions primarily as a “banker’s bank” by providing loan participation and other support to local banks. Thanks in large part to BND, community banks are much more robust in North Dakota than in other states. North Dakota has 35 percent more banks per capita than South Dakota, and four times as many as the national average. While locally owned small and mid-sized banks account for only 30 percent of deposits nationally, in North Dakota they have 72 percent of the market.
        … Read More

Hawaii Supreme Court Rules Civil Service Jobs Cannot be Privatized

Date: 9 Apr 2012 | 0 Facebooktwitterredditmail

In 1997 the Hawaii Supreme Court ruled in Konno v. County of Hawaii that a County could not privatize the operation of a landfill since these were jobs that “are performing a service that has been customarily and historically provided by civil servants”. The case involved a County that had contracted with Waste Management Inc. (WMI) to build and operate a new landfill to take the place of one operated by County employees. … Read More

Pacheco Law in Massachusetts

Date: 6 Apr 2012 | posted in: governance | 0 Facebooktwitterredditmail

In 1993, after Massachusetts government privatized 36 operations in the previous 3 years, the legislature passed what came to be called the Pacheco Law over then-Governor William F. Weld’s veto. The law imposes the strictest series of tests in the nation before a service can be privatized.… Read More

1 2 3 4 9