HEALTH/ACC INSURANCE: Provides relative to pharmacy benefit managers. (8/1/26) (OR +$2,265,844 SG EX See Note)

SB 337 regulates pharmacy benefit managers (PBMs) in Louisiana by requiring transparency in how they handle drug pricing and payments. It directly affects PBMs, local pharmacies (those with fewer than 10 locations), health insurers, and patients enrolled in health plans. Key provisions include banning "effective rate pricing" (hidden fee reductions), mandating clear compensation rules for pharmacies, allowing pharmacies to sue PBMs for violations, and requiring regular audits of PBM practices. The bill also creates new definitions for terms like "maximum allowable cost list" to ensure fair reimbursement for pharmacist services.