A 5019
Requires pharmacy benefits manager compensation to be based on bona fide service fee.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to regulate how pharmacy benefits managers (PBMs) are compensated. It requires that PBM compensation be based on a ‘bona fide service fee,’ which is a flat dollar amount for services actually performed on behalf of a health plan purchaser. The bill prohibits compensation linked to drug prices, rebates, or formulary decisions, aiming to increase transparency and potentially reduce costs for consumers and health plans.
Sponsors
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Primary sponsor
Luanne Peterpaul
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