Massachusetts H4488 regulates pharmacy benefit managers' reimbursements to pharmacies, ensuring timely updates and fair compensation.

H4488 amends Chapter 176D of the General Laws to regulate pharmacy benefit managers' reimbursements to pharmacies in Massachusetts. It mandates that pharmacy benefit managers provide timely updates to their maximum allowable cost lists, ensuring pharmacies are reimbursed fairly. The bill requires that drugs on these lists meet specific criteria, including being listed as therapeutically and pharmaceutically equivalent in the FDA's Orange Book.

Massachusetts H4488 regulates pharmacy benefit managers' reimbursements to pharmacies, ensuring timely updates and fair compensation.

H4488 amends Chapter 176D of the General Laws to regulate pharmacy benefit managers' reimbursements to pharmacies in Massachusetts. It mandates that pharmacy benefit managers provide timely updates to their maximum allowable cost lists, ensuring pharmacies are reimbursed fairly. The bill requires that drugs on these lists meet specific criteria, including being listed as therapeutically and pharmaceutically equivalent in the FDA's Orange Book.