Relating to pharmaceutical benefits

Summary

The bill requires pharmacy benefit managers (PBMs) that serve the state’s Public Employees Insurance Agency and Medicaid to report detailed cost data each quarter, use national average drug prices for reimbursements, and compete for contracts through a competitive‑bid process. It also creates a one‑year pilot to test a cost‑containment vendor for Medicaid and mandates a study of pharmacy dispensing fees. The changes aim to increase transparency, lower drug costs and prevent conflicts of interest.

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

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