Bill

Bill > HB2253


OR HB2253

Relating to pharmacy benefit managers.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: This act makes it a condition of licensing that PBMs need to act in a patient’s best in- terest and tells DCBS to make rules. (Flesch Readability Score: 66.1). Requires pharmacy benefit managers to act as fiduciaries to enrollees when negotiating drug prices and tells the Department of Consumer and Business Services to adopt rules explaining the fiduciary duty requirements and to establish a complaint process for reporting breaches of fiduciary duty.

AI Summary

This bill amends Oregon's existing pharmacy benefit manager (PBM) regulations by adding several key provisions aimed at protecting patients and pharmacies. Specifically, the bill requires PBMs to act as fiduciaries on behalf of enrollees when negotiating prescription drug prices, which means they must legally prioritize the best interests of patients over their own financial gain. The Department of Consumer and Business Services (DCBS) is tasked with creating rules that define this fiduciary duty and establishing a complaint process for reporting potential breaches. The bill also prohibits PBMs from penalizing network pharmacies for activities like informing patients about drug costs, filing appeals or complaints, participating in the legislative process, or challenging PBM practices. Additionally, the bill maintains existing provisions that prevent PBMs from requiring mail-order or specialty pharmacy prescriptions under certain circumstances, and from charging pharmacies fees for claims submission. These changes are intended to increase transparency, protect patient and pharmacy rights, and potentially reduce prescription drug costs by requiring PBMs to act more directly in the patient's best interest.

Committee Categories

Health and Social Services

Sponsors (1)

Last Action

Public Hearing held. (on 02/04/2025)

bill text


bill summary

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