SB377

Louisiana SB377 regulates pharmacy benefit managers by requiring transparency in fees and prohibiting spread pricing.

Louisiana SB377 enacts provisions governing pharmacy benefit managers (PBMs). It mandates that PBMs specify all revenue forms, including fees, in contracts with insurers or health plans starting January 1, 2027. PBMs must certify the accuracy of submitted information and cannot retain rebates or fees. The bill allows annual audits by the commissioner of insurance and insurers or health plans. It prohibits PBMs from basing fees on drug acquisition costs or rebates and requires PBMs to provide detailed information upon request. Violations are subject to civil penalties.