Arizona HB4124 regulates pharmacy benefit managers by setting reimbursement rates, requiring transparency reports, and prohibiting certain practices.

Arizona HB4124 amends state statutes to regulate pharmacy benefit managers. It mandates that pharmacy benefit managers must reimburse pharmacies at least the acquisition cost for covered drugs, devices, or services. The bill requires pharmacy benefit managers to submit annual transparency reports to the Department of Insurance and Financial Institutions, detailing rebates, fees, and other costs. It prohibits pharmacy benefit managers from engaging in reduced copays, coinsurance, deductibles, or patient steering.

Arizona HB4124 regulates pharmacy benefit managers by setting reimbursement rates, requiring transparency reports, and prohibiting certain practices.

Arizona HB4124 amends state statutes to regulate pharmacy benefit managers. It mandates that pharmacy benefit managers must reimburse pharmacies at least the acquisition cost for covered drugs, devices, or services. The bill requires pharmacy benefit managers to submit annual transparency reports to the Department of Insurance and Financial Institutions, detailing rebates, fees, and other costs. It prohibits pharmacy benefit managers from engaging in reduced copays, coinsurance, deductibles, or patient steering.