SB337

Louisiana SB337 regulates pharmacy benefit managers, defining duties, compensation, and audit requirements.

Louisiana SB337 amends existing laws to regulate pharmacy benefit managers (PBMs). It defines terms such as "pharmacy benefit manager," "specialty drug," and "spread pricing." The bill mandates PBMs to owe duties of care and good faith and fair dealing to enrollees, health plans, and providers. PBMs must only derive income from pharmacy benefit management fees and cannot retain rebates and fees. The bill allows the commissioner and health insurance issuers to audit PBMs annually, requiring PBMs to provide specific information.