Requires pharmacy benefits managers to make certain disclosures to health benefits plan sponsors.

Summary

The bill forces pharmacy benefit managers (PBMs) to provide health‑plan sponsors and the state department with semi‑annual reports that break down drug pricing, compensation, rebates, dispensing channels, and beneficiary out‑of‑pocket costs. It applies to PBMs, the plans that hire them, and related entities such as group purchasing organizations and drug manufacturers. The aim is to make pharmacy spending more transparent for plan sponsors and regulators.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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