Prohibits health insurance carriers from obtaining pharmacy benefits manager licenses.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill prevents health insurance companies from getting licenses to act as pharmacy benefits managers (PBMs). It aims to increase transparency and potentially reduce conflicts of interest within the pharmaceutical supply chain. The bill updates existing regulations to specifically address PBM licensing and operation, outlining requirements for licensing and registration, and establishing standards for PBMs to ensure consumer protection and fair practices. It also includes provisions for existing PBMs operating under previous regulations.
Bill text
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Document of record
- Version
- Introduced
- Published
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Sponsors
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2 on record
Primary sponsors
Douglas Steinhardt
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