Requires pharmacy benefits manager compensation to be based on bona fide service fee.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
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 tied to drug prices, rebates, or referral volume, aiming to increase transparency and potentially lower costs for consumers.
Bill text
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