Massachusetts S715 aims to ensure access to prescription medications by regulating pharmacy benefits managers and covered entities.

Massachusetts S715 amends existing laws to enhance access to prescription medications. It mandates that pharmacy benefits managers and covered entities ensure that the maximum allowable cost for drugs is equal to or greater than the pharmacies' acquisition cost. The bill requires these entities to update their maximum allowable cost lists every three business days and make them accessible to pharmacies. Pharmacies are allowed to appeal if they believe the cost is too low, and the appeal must be resolved within seven business days.

Massachusetts S715 aims to ensure access to prescription medications by regulating pharmacy benefits managers and covered entities.

Massachusetts S715 amends existing laws to enhance access to prescription medications. It mandates that pharmacy benefits managers and covered entities ensure that the maximum allowable cost for drugs is equal to or greater than the pharmacies' acquisition cost. The bill requires these entities to update their maximum allowable cost lists every three business days and make them accessible to pharmacies. Pharmacies are allowed to appeal if they believe the cost is too low, and the appeal must be resolved within seven business days.