Pharmacy benefits managers; definitions; contractual duties to provider; prohibitions; reimbursement amounts; effective date.

Summary

The measure amends the Oklahoma Pharmacy Act to define key terms, impose contractual duties on pharmacy benefit managers, prohibit certain anticompetitive actions, and establish reimbursement amounts for pharmacies. It targets PBMs, pharmacies, and health providers to protect patient access to affordable prescription drugs. The bill reflects concerns that PBMs have acted as both price setters and takers, driving up costs.

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

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