HB1124: Pharmacy benefit managers; require to disclose certain information on rebates and contracts.

Legislative Summary

An Act To Require A Pharmacy Benefit Manager To Disclose To The Plan Sponsor Or Employer One Hundred Percent Of All Rebates And Other Payments That The Pharmacy Benefit Manager Receives Directly Or Indirectly From Pharmaceutical Manufacturers And/or Rebate Aggregators In Connection With Claims Administered On Behalf Of The Plan Sponsor Or Employer And The Recipients Of Such Rebates; To Require The Pharmacy Benefit Manager To Report On Such Rebates; To Require Pharmacy Benefit Managers To Make Available To The Public Upon Request, And Without Redaction, Third Party Aggregator Contracts And Contracts Relating To Pharmacy Benefit Management Services Between A Pharmacy Benefit Manager And Any Entity, And Contracts With Pharmacy Services Administrative Organizations; To Provide That Only Those Contracts Where The State Of Mississippi Or A Political Subdivision Of The State Is A Party To The Third Party Aggregator Contract Or The Contract Relating To Pharmacy Benefit Management Services Or With A Pharmacy Services Administrative Organization Shall Be Required To Be Made Public; To Amend Section 73-21-153, Mississippi Code Of 1972, To Remove The Exemption For The Mississippi State And School Employees Health Insurance Plan In The Definition Of "pharmacy Benefit Manager"; To Bring Forward Sections 73-21-155, 73-21-156, 73-21-157, 73-21-159, 73-21-161 And 73-21-163, Mississippi Code Of 1972, Which Provide For The Pharmacy Benefit Prompt Pay Act, For The Purpose Of Possible Amendment; To Bring Forward Sections 73-21-177, 73-21-179, 73-21-181, 73-21-183, 73-21-185, 73-21-187, 73-21-189 And 73-21-191, Mississippi Code Of 1972, Which Provide For The Pharmacy Audit Integrity Act, For The Purpose Of Possible Amendment; And For Related Purposes.