summary
Introduced
03/29/2021
03/29/2021
In Committee
05/02/2022
05/02/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to pharmacy benefit managers. Financial Services.
AI Summary
This bill aims to regulate pharmacy benefit managers (PBMs) in Massachusetts. It defines a PBM as an entity that manages prescription drug benefits on behalf of health plans, including processing claims, managing formularies, and providing mail-order and specialty pharmacy services. The bill prohibits PBMs and health plans from penalizing or providing financial incentives to insureds to use specific pharmacies in which the PBM has an ownership interest or that have an ownership interest in the PBM. This is intended to prevent conflicts of interest and ensure fair competition in the pharmacy services market.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (1)
Last Action
Accompanied a study order, see S2917 (on 06/09/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/S639 |
Bill | https://malegislature.gov/Bills/192/S639.pdf |
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