AN ACT RELATING TO INSURANCE -- PHARMACY FREEDOM OF CHOICE--FAIR COMPETITION AND PRACTICES

Summary

This legislation sets new rules for pharmacy benefit managers (PBMs) and insurers to ensure patients can choose any pharmacy and see true drug costs. It requires insurers to prove they will keep pharmacy services available and accessible, and it forces PBMs to disclose financial arrangements, prohibit drug substitutions without prescriber consent, and stop hidden fees. The goal is to increase transparency and competition in prescription drug coverage.

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

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