HEALTH/ACC INSURANCE: Provides relative to pharmacy benefit managers. (8/1/26) (OR +$2,265,844 SG EX See Note)
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Insurance.
Summary
The bill rewrites parts of the state code to regulate pharmacy benefit managers (PBMs). It creates new definitions, sets duties toward patients, insurers and pharmacies, and adds audit, penalty and private lawsuit provisions. The goal is to increase oversight and protect consumers from hidden costs.
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