Bill

Bill > S646


MA S646

To strengthen pharmacy benefit management


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
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)

bill text


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