An Act relative to pharmacy benefit managers
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, An Act relative to pharmacy benefit managers, aims to increase transparency and accountability within the pharmacy benefit management (PBM) industry in Massachusetts. It seeks to regulate how PBMs operate, particularly concerning their reimbursement practices to pharmacies and their interactions with health insurers. The bill intends to ensure fair pricing and prevent potential conflicts of interest that could negatively impact patients and pharmacies.
Key provisions
- Requires PBMs to disclose their rebate agreements with drug manufacturers.
- Establishes standards for PBM reimbursement rates to pharmacies.
- Addresses potential conflicts of interest between PBMs and health insurers.
- Promotes transparency in PBM fees and administrative costs.
- Requires PBMs to provide data on drug prices and utilization.
- Focuses on ensuring fair reimbursement to pharmacies for prescription drugs.
- Addresses the role of PBMs in negotiating drug prices.
Who is affected
- Pharmacy Benefit Managers (PBMs)
- Pharmacies
- Health Insurers
- Patients
- Drug Manufacturers
Notable changes
- Increased transparency regarding rebate agreements.
- Potential changes to how PBMs reimburse pharmacies.
- Greater scrutiny of PBM practices related to drug pricing.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours