A 3554
Removes exception of self-insured health benefits plans from law concerning pharmacy benefits managers.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill removes an exception in New Jersey law that currently exempts self-insured health benefits plans from regulations concerning pharmacy benefits managers. The law previously excluded these plans, which are often used by employers, from the scope of the existing regulations. The bill aims to bring greater oversight to pharmacy benefits management practices, potentially impacting how prescription drug costs are managed and negotiated. It also requires the Department of Banking and Insurance to analyze the implications of a recent Supreme Court decision regarding pharmacy benefit management.
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