Louisiana SB387 regulates pharmacy benefit managers, prohibiting them from retaining rebates and fees, and requiring transparency in compensation and.

Louisiana SB387 amends laws concerning pharmacy benefit managers (PBMs). The bill mandates that PBMs may only derive income from pharmacy benefit management fees and prohibits them from retaining rebates and fees. It requires PBMs to provide transparency to health plans and enrollees about amounts charged or claimed, ensuring all instances of spread pricing and conflicts of interest are disclosed. The bill also mandates that PBM contracts specify all forms of revenue and acknowledge that spread pricing is not permitted.

Louisiana SB387 regulates pharmacy benefit managers, prohibiting them from retaining rebates and fees, and requiring transparency in compensation and.

Louisiana SB387 amends laws concerning pharmacy benefit managers (PBMs). The bill mandates that PBMs may only derive income from pharmacy benefit management fees and prohibits them from retaining rebates and fees. It requires PBMs to provide transparency to health plans and enrollees about amounts charged or claimed, ensuring all instances of spread pricing and conflicts of interest are disclosed. The bill also mandates that PBM contracts specify all forms of revenue and acknowledge that spread pricing is not permitted.