summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to strengthen pharmacy benefit management. Financial Services.
AI Summary
This bill aims to strengthen the regulation and oversight of pharmacy benefit managers (PBMs) in the Commonwealth of Massachusetts. The key provisions of the bill require the state insurance commissioner to promulgate regulations for the licensing of PBMs, including establishing minimum qualification or accreditation standards, minimizing potential conflicts of interest, mandating regular audits of PBM operations, and providing a mechanism for addressing claims of unfair practices by licensed PBMs. The goal is to enhance transparency and accountability in the PBM industry, which plays a critical role in managing prescription drug benefits for many health plans and consumers.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2543 (on 02/18/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/191/S646 |
Bill | https://malegislature.gov/Bills/191/S646.pdf |
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