A 4657
Requires pharmacy benefits managers to make certain disclosures to health benefits plan sponsors.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires pharmacy benefit managers (PBMs) in New Jersey to regularly report detailed information to health benefits plan sponsors. These reports will include data on drug costs, rebates received, and spending patterns, allowing plan sponsors to better understand and potentially negotiate lower drug prices. The bill also grants plan sponsors auditing rights to ensure PBMs are complying with their contracts and reporting accurately.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Luanne Peterpaul
Cosponsor
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