Requires pharmacy benefits managers to make certain disclosures to health benefits plan sponsors.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires pharmacy benefits managers (PBMs) operating in New Jersey to provide detailed disclosures to health benefits plan sponsors. These reports would include information on drug costs, rebates, and other payments, aiming to increase transparency in the pharmaceutical supply chain. The bill also grants plan sponsors the right to audit PBMs to ensure compliance and accuracy of reported data. Ultimately, the goal is to help plan sponsors better understand and manage their pharmacy spending.
Bill text
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1 on record
Primary sponsor
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