Bill

Bill > S639


MA S639

Relative to pharmacy benefit managers


summary

Introduced
03/29/2021
In Committee
05/02/2022
Crossed Over
Passed
Dead
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)

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