summary
Introduced
01/13/2025
01/13/2025
In Committee
04/14/2025
04/14/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: Creates rules for licensing PSAOs that operate in this state. (Flesch Readability Score: 69.7). Requires pharmacy services administrative organizations operating in this state to be licensed by the Department of Consumer and Business Services and creates rules for licensing requirements.
AI Summary
This bill creates a comprehensive licensing and regulatory framework for Pharmacy Services Administrative Organizations (PSAOs) in Oregon. The bill defines PSAOs as entities that contract with pharmacies to act as their agents in negotiations with pharmacy benefit managers and third-party payers, and provide various administrative services such as claims assistance, contract negotiation, payment centralization, and marketing support. PSAOs will now be required to obtain a license from the Department of Consumer and Business Services, submit an application that includes information about parent companies or subsidiaries, and pay an annual licensing fee. The bill mandates that PSAOs provide independent pharmacies (defined as pharmacies with three or fewer locations under common ownership) with copies of contracts and disclosure of ownership within specific timeframes. Additionally, the bill establishes grounds for the department to deny, suspend, or revoke a PSAO's license, including instances of fraud, dishonesty, felony convictions, or failure to comply with regulatory requirements. The legislation aims to increase transparency and accountability in the interactions between PSAOs, independent pharmacies, and third-party payers, with provisions for complaint filing and regulatory oversight.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Referred to Rules by order of Speaker. (on 04/14/2025)
Official Document
bill text
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bill summary
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