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

SB 377 regulates pharmacy benefit managers (PBMs) in Louisiana by setting rules for their compensation and transparency. It prohibits PBMs from retaining rebates or charging fees based on drug prices, savings, or patient costs, requiring instead a fixed fee for services. The bill mandates annual certification by PBMs to the insurance commissioner and allows annual audits to review payments to pharmacies and rebate handling. These audits require PBMs to provide detailed claim-level data, including reimbursement rates for affiliated vs. unaffiliated pharmacies and quarterly rebate amounts.