Establishes duties for pharmacy benefit managers in Massachusetts, including transparency and conflict of interest disclosure.

The bill outlines duties for pharmacy benefit managers in Massachusetts, including obligations to provide transparency and disclose conflicts of interest to enrollees, health benefit plans, and providers. It mandates duties of care, good faith, and fair dealing, and requires the commissioner to adopt regulations defining these duties. The bill also addresses spread pricing and administrative appeals for penalties imposed by the commissioner.

Establishes duties for pharmacy benefit managers in Massachusetts, including transparency and conflict of interest disclosure.

The bill outlines duties for pharmacy benefit managers in Massachusetts, including obligations to provide transparency and disclose conflicts of interest to enrollees, health benefit plans, and providers. It mandates duties of care, good faith, and fair dealing, and requires the commissioner to adopt regulations defining these duties. The bill also addresses spread pricing and administrative appeals for penalties imposed by the commissioner.