Pharmacy Benefit Managers; requiring PBM to remit certain fees. Effective date.

Summary

The bill amends Oklahoma law so pharmacy benefit managers must list how they set maximum allowable cost (MAC) prices, update those prices at least every seven days, and give pharmacies easy electronic access to the lists. It also creates a quick, electronic appeals process for pharmacies to contest reimbursements and forces PBMs to pay escalating administrative fees if they lower reimbursement after an increase. The goal is to protect pharmacies from below‑cost payments and increase transparency in drug pricing.

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

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