AN ACT RELATING TO INSURANCE -- PHARMACY BENEFIT MANAGERS ACT

Summary

The Pharmacy Benefit Managers Act creates a licensing system for any entity that manages prescription‑drug benefits. PBMs must obtain a certificate from the health insurance commissioner and provide detailed information about ownership, finances, and business practices. Violations can result in fines, restitution and other penalties.

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

Topics

Share