Massachusetts H3587 aims to ensure access to prescription medications by regulating pharmacy benefits managers.

Massachusetts H3587 establishes rules for pharmacy benefits managers to ensure access to prescription medications. It mandates that drugs placed on a maximum allowable cost list must meet specific criteria, including FDA ratings and availability of generic alternatives. The bill requires pharmacy benefits managers to update cost lists every three business days and make them accessible to pharmacies. It also allows pharmacies to appeal drug costs and requires benefits managers to adjust costs retroactively if an appeal is valid.

Massachusetts H3587 aims to ensure access to prescription medications by regulating pharmacy benefits managers.

Massachusetts H3587 establishes rules for pharmacy benefits managers to ensure access to prescription medications. It mandates that drugs placed on a maximum allowable cost list must meet specific criteria, including FDA ratings and availability of generic alternatives. The bill requires pharmacy benefits managers to update cost lists every three business days and make them accessible to pharmacies. It also allows pharmacies to appeal drug costs and requires benefits managers to adjust costs retroactively if an appeal is valid.