SB1225

Arizona SB1225 mandates that pharmacy benefit managers and third-party payors reduce prescription drug cost-sharing requirements by all rebates.

Arizona SB1225 amends the state's statutes to require pharmacy benefit managers and third-party payors to reduce a covered individual's cost-sharing requirement by the full amount of any rebates received for prescription drugs. This applies to all rebates, including base price concessions, price protection rebates, and performance-based rebates. Administration fees and other payments collected by these entities must be calculated at the point of sale, reduced by the total rebates received. The bill prohibits these entities from retaining any portion of a rebate as a source of revenue.