SB 161
Pharmacy benefit management; requiring pharmacy benefit managers to maintain certain fiduciary duty. Effective date.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to strengthen the oversight of pharmacy benefit managers (PBMs) in Oklahoma. It requires PBMs to act in a fiduciary manner, meaning they must prioritize the interests of patients and plan sponsors over their own profits. The bill seeks to ensure PBMs are managing prescription drug costs responsibly and ethically. It also establishes an effective date for the new requirements.
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