Pharmacy Benefit Prompt Pay Act; revise various existing and create additional provisions related to.

SB 2575, the Pharmacy Benefit Prompt Pay Act, aims to regulate pharmacy benefit managers (PBMs) and improve payment fairness for pharmacies. It requires PBMs to pay pharmacies promptly for prescription drugs at set rates, provides pharmacies with appeal processes if payments are disputed, and bans practices like "spread pricing" (where PBMs charge more to insurers than they pay pharmacies) and "steering" (directing patients to specific pharmacies). The bill also mandates PBMs to report rebate information to the Mississippi Board of Pharmacy and creates a committee to manage specialty drug access. It directly affects pharmacies, PBMs, and specialty drug providers in Mississippi. The bill died in committee on February 3, 2026, and never became law.