Requires health care claims experience data to be shared with local governments.

This bill requires health insurance providers and pharmacy benefit managers to share detailed claims data with local governments in New Jersey at no cost. Local units, including municipalities and school districts, can request this information to better understand their healthcare spending, and providers must supply the data electronically within 60 days of a written request. The law specifically mandates the disclosure of prescription drug details, rebate amounts, and spread pricing practices while maintaining patient privacy under federal HIPAA rules. To ensure compliance, the bill authorizes the Department of Banking and Insurance to investigate violations and impose fines of up to $5,000 for each day a provider fails to share the required information.