SB 209
Revises provisions relating to pharmacy benefit managers. (BDR 57-534)
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- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill aims to increase oversight and regulation of pharmacy benefit managers (PBMs) in Nevada. It expands the definition of ‘pharmacy benefits plan’ to include pharmacist services, establishes requirements for disclosing fees and rebates, prohibits certain pricing practices like spread pricing and exclusive drug coverage, and mandates that PBMs pass rebates on to insurers and consumers. The bill also creates a cause of action for pharmacies harmed by PBM practices and requires PBMs to report on their impact on prescription drug costs.
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