Pharmacy Benefit Prompt Pay Act, Insurance Administrators and Managing General Agents; bring forward sections relating to.

HB 1674 reorganizes existing Mississippi law related to pharmacy benefit managers (PBMs) and insurance licensing for potential amendment. It consolidates Sections 73-21-151-163 (the "Pharmacy Benefit Prompt Pay Act"), 83-18-1-29 (insurance administrators), and 83-18-101-111 (managing general agents) into a single, updated format. Key provisions require PBMs to provide pharmacies with accessible, timely updated maximum allowable cost lists for drugs, along with a 30-day appeal process for disputes over reimbursement rates. This affects pharmacies, PBMs, and plan sponsors (like employers or insurers) by setting transparency and appeal standards for drug payment rates. The bill does not create new requirements but reorganizes current law for clarity.