Bill > S656

This bill aims to reduce the cost of pharmacy benefits by introducing several provisions. It defines key terms such as "pharmacy benefit manager," "health carrier," and "rebates." The bill prohibits pharmacy benefit managers from requiring accreditation standards or financial incentives that limit a covered person's choice of pharmacy. It also prohibits pharmacy benefit managers from charging health carriers or plans more than what was paid to the pharmacy that provided the service. Additionally, the bill requires pharmacy benefit managers to submit annual transparency reports detailing rebates, administrative fees, and retained rebates, which the Health Policy Commission will publish to provide information and allow for cost-effective contract negotiations. The attorney general can impose civil fines and penalties for violations of these provisions.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/193/S656