Establishes "Equitable Drug Pricing and Patient Access Act."

This bill (A 3512) sets new reimbursement rules for pharmacies serving Medicaid patients in New Jersey. It requires pharmacies to be paid at least the national average drug cost plus a $10.92 dispensing fee, regardless of whether services are delivered through traditional Medicaid or managed care plans. The bill also mandates that Medicaid managed care plans must allow patients to choose any participating pharmacy and prohibits plans from unfairly blocking pharmacies from joining their networks. Additionally, it requires an audit to track pharmacy pricing and potential state savings from these changes. The law directly affects Medicaid beneficiaries, pharmacies, and Medicaid managed care organizations in New Jersey.