Arizona HB2196 regulates pharmacy benefit managers' reimbursement rates for prescription drugs and devices.

Arizona HB2196 amends the Arizona Revised Statutes to ensure pharmacy benefit managers cannot reimburse nonaffiliated pharmacists or pharmacies for prescription drugs or devices at less than the actual cost. It mandates that pharmacy benefit managers include appeal procedures in contracts with pharmacists or pharmacies, allowing them to challenge reimbursement rates within seven business days.

Arizona HB2196 regulates pharmacy benefit managers' reimbursement rates for prescription drugs and devices.

Arizona HB2196 amends the Arizona Revised Statutes to ensure pharmacy benefit managers cannot reimburse nonaffiliated pharmacists or pharmacies for prescription drugs or devices at less than the actual cost. It mandates that pharmacy benefit managers include appeal procedures in contracts with pharmacists or pharmacies, allowing them to challenge reimbursement rates within seven business days.