Pharmacy benefits managers; terms; prohibiting pharmacy benefits managers from doing certain act; enforcement by Attorney General; effective date.
What changed between versions
Updated the header to reflect the Senate Floor Version and added specific Senate sponsors (Coleman, Murdock, Dossett, Haste, and Stanley).
Rewrote the definitions of 'Health insurer', 'Medically integrated pharmacy', 'Specialty medication', 'Specialty provider', and 'Pharmacy benefits manager' to align with the Senate's preferred language.
Significantly revised the prohibitions on PBMs to explicitly ban restricting access to specialty medications at medically integrated pharmacies, prohibiting patient steering, and requiring equal reimbursement rates and terms for all network pharmacies.
Added specific language clarifying that PBMs cannot deny coverage based on whether a drug is dispensed by a medically integrated pharmacy.
Expanded the definition of 'patient steering' to include a broader range of administrative acts designed to induce patients to use PBM-preferred pharmacies.