Update the regulation of pharmacy benefit managers

HB 3068 updates definitions related to pharmacy benefit managers (PBMs) and pharmacy audits in West Virginia. It defines key terms like "340B entity," "affiliate" (pharmacies linked to PBMs), "auditing entity," and "maximum allowable cost" to clarify regulatory standards. The bill directly affects pharmacies, PBMs, health insurers, and health plans by establishing clearer terminology for billing, audits, and drug reimbursement practices. As a definition-focused bill introduced on March 3, 2025, it does not yet implement new policies but sets the foundation for future regulation under the Pharmacy Audit Integrity Act.