Louisiana HB1217 enhances transparency and accountability for pharmacy benefit managers and insurers.
Louisiana HB1217 mandates that pharmacy benefit managers (PBMs) and insurers disclose all affiliated entities involved in pharmacy-related services, including vertical integration structures and specialty pharmacies. It requires PBMs and insurers to maintain detailed records of revenue streams and compensation sources. The law establishes the Pharmacy Benefit Enforcement Fund, funded by civil penalties and settlements, for investigations and consumer protection.
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