S 3573
Regulates certain practices of pharmacy benefits managers and health insurance carriers.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill aims to regulate the practices of pharmacy benefits managers (PBMs) and health insurance carriers in New Jersey. It prohibits practices like ‘steering,’ where PBMs direct patients to affiliated pharmacies, and seeks to ensure fair pricing for prescription drugs. The bill also requires PBMs to report on drug pricing and reimbursement practices, and imposes a surcharge on those engaging in steering to fund oversight efforts. It also addresses issues related to pharmacy accreditation and physician credentialing.
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