Arizona SB1710 regulates pharmacy benefit managers by prohibiting steering patients to affiliated providers and requiring transparency reports.

Arizona SB1710 amends the state's pharmacy benefit manager regulations by prohibiting steering patients to affiliated providers and requiring transparency reports. Pharmacy benefit managers are barred from penalizing patients for not using affiliated providers, offering inducements to use them, or paying them more than non-affiliated providers. The bill also mandates that pharmacy benefit managers submit annual transparency reports to the Department of Insurance, detailing rebates, administrative fees, and negotiated price concessions.

Arizona SB1710 regulates pharmacy benefit managers by prohibiting steering patients to affiliated providers and requiring transparency reports.

Arizona SB1710 amends the state's pharmacy benefit manager regulations by prohibiting steering patients to affiliated providers and requiring transparency reports. Pharmacy benefit managers are barred from penalizing patients for not using affiliated providers, offering inducements to use them, or paying them more than non-affiliated providers. The bill also mandates that pharmacy benefit managers submit annual transparency reports to the Department of Insurance, detailing rebates, administrative fees, and negotiated price concessions.