Establish licensing process, contract requirements for PBMs

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill establishes a separate licensing process for pharmacy benefit managers (PBMs) and requires them to provide detailed financial and contract information to plan sponsors. It applies to PBMs, the insurers that use them, and the employers or other entities that sponsor health plans, aiming to increase transparency and oversight of drug pricing and rebates.

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

Hearings

• Senate Financial Institutions, Insurance and Technology: S. B. No. 78, S. B. No. 256, S. B. No. 343, S. B. No. 263, S. B. No. 306, Sub. H. B. No. 229, Amy Casner - Ohio Fair Plan Underwriting Association Board of Governors, John Demmler - Credit Union Council, Bradley Mader - Credit Union Council
  Senate Financial Institutions, Insurance and Technology · Mar 3, 2026
• Senate Financial Institutions, Insurance and Technology: Am. H. B. No. 21, Sub. H. B. No. 229, S. B. No. 263, S. B. No. 306
  Senate Financial Institutions, Insurance and Technology · Feb 10, 2026
• Senate Financial Institutions, Insurance and Technology: S. B. No. 241, S. B. No. 306, Sub. H. B. No. 229
  Senate Financial Institutions, Insurance and Technology · Nov 18, 2025
• Senate Financial Institutions, Insurance and Technology: S. B. No. 306, S. B. No. 207, S. B. No. 220, S. B. No. 269, Sub. H. B. No. 229
  Senate Financial Institutions, Insurance and Technology · Nov 4, 2025
• Senate Financial Institutions, Insurance and Technology: S. B. No. 164, Sub. H. B. No. 229, S. B. No. 269
  Senate Financial Institutions, Insurance and Technology · Oct 28, 2025

History

1. Jun 30, 2026Effective 6/30/26
2. Jun 30, 2026Effective
3. Mar 31, 2026Signed By The Governor
4. Mar 26, 2026Sent To The Governor
5. Mar 18, 2026Concurred in Senate amendments
6. Mar 4, 2026Reported - Substitute
7. Mar 4, 2026Passed
8. Oct 15, 2025Referred to committee
9. Oct 14, 2025Introduced
10. Oct 8, 2025Reported - Substitute
11. Oct 8, 2025Passed
12. Apr 30, 2025Referred to committee

The 12 most recent of 13 recorded actions.

Sponsors

• Kellie Deeter (R) · sponsor

Bill text

Opens the legislature’s own copy.

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