Bill
Bill > SB737
OK SB737
OK SB737Health insurance; modifying duties and prohibited acts of pharmacy benefit managers; authorizing Insurance Commissioner to take action on certain licenses. Emergency.
summary
Introduced
02/01/2021
02/01/2021
In Committee
04/07/2021
04/07/2021
Crossed Over
03/11/2021
03/11/2021
Passed
04/19/2022
04/19/2022
Dead
Signed/Enacted/Adopted
04/21/2022
04/21/2022
Introduced Session
2021 Regular Session
Bill Summary
An Act ENROLLED SENATE BILL NO. 737 By: McCortney, Taylor, Rader, Standridge, Pederson, Burns, Kidd, Murdock, Garvin, Rogers, and Jech of the Senate and McEntire, Phillips, and Randleman of the House An Act relating to pharmacy benefits management; amending 36 O.S. 2021, Section 6960, which relates to definitions; adding definition of provider and spread pricing; deleting definition; amending 36 O.S. 2021, Section 6962, which relates to compliance review; updating reference; adding prohibited activities; adding duties of pharmacy benefits managers; authorizing Commissioner to take certain actions on PBM licenses for certain violations; authorizing fine for violation of certain acts; authorizing Insurance Commissioner to enforce Patientâ??s Right to Pharmacy Choice Act and investigate violations of certain acts; specifying that operating without a PBM license is a violation of Patientâ??s Right to Pharmacy Choice Act; specifying certain hearings be conducted pursuant to Administrative Procedures Act; establishing procedures for certain hearings; authorizing full stenographic record of hearing proceedings in certain circumstances; providing for payment of certain costs and fees; authorizing appeal from certain final order of Commissioner; authorizing Commissioner to require certain reporting from PBMs in certain circumstances; providing for codification; and declaring an emergency. SUBJECT: Pharmacy benefits management
AI Summary
This bill modifies the duties and prohibited acts of pharmacy benefit managers (PBMs) in Oklahoma. It adds definitions for "provider" and "spread pricing", and prohibits PBMs from engaging in certain practices, such as conducting spread pricing or charging certain fees to pharmacists or pharmacies. The bill also authorizes the Insurance Commissioner to take action against PBM licenses, including censoring, suspending, or revoking licenses, and imposing civil penalties for violations of the Patient's Right to Pharmacy Choice Act, the Pharmacy Audit Integrity Act, and other insurance laws. Additionally, the bill establishes procedures for hearings related to PBM violations and allows for appeals of the Commissioner's final orders. The bill is declared an emergency, indicating it is intended to take effect immediately upon passage and approval.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (14)
Greg McCortney (R)*,
Marcus McEntire (R)*,
George Burns (R),
Jessica Garvin (R),
Darcy Jech (R),
Chris Kidd (R),
Casey Murdock (R),
Roland Pederson (R),
Logan Phillips (R),
Dave Rader (R),
Randy Randleman (R),
Cody Rogers (R),
Rob Standridge (R),
Zack Taylor (R),
Last Action
Approved by Governor 04/21/2022 (on 04/21/2022)
Official Document
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