Bill > SB00820

This bill seeks to amend Connecticut's state statutes to establish a legal duty of good faith and fair dealing for Pharmacy Benefits Managers (PBMs). PBMs are third-party administrators that manage prescription drug benefits for health insurance plans. The bill requires PBMs to act honestly and fairly when interacting with various parties involved in the healthcare ecosystem, specifically including health carriers (insurance companies), health benefit plan sponsors (employers or organizations offering health plans), pharmacies, and covered persons (patients or plan members). By codifying this duty, the legislation aims to ensure that PBMs conduct their management services transparently and equitably, potentially addressing concerns about past practices that may have been perceived as unfair or not in the best interests of all stakeholders in the prescription drug supply chain. The bill does not provide specific detailed mechanisms for enforcement but establishes a broad principle of ethical conduct for these important healthcare intermediaries.

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https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00820&which_year=2025