Mississippi HB1666 aims to regulate pharmacy benefit managers and pharmacy services administrative organizations, ensuring timely payments and.
Mississippi HB1666, known as the Pharmacy Benefit Prompt Pay Act, seeks to enhance oversight of pharmacy benefit managers (PBMs) and pharmacy services administrative organizations (PSAOs). It mandates the State Board of Pharmacy to conduct investigations, examinations, and issue subpoenas to ensure compliance. The bill requires PBMs and PSAOs to submit reports, including ownership affiliations and pricing information. It also establishes a reimbursement assistance grant program for independent community pharmacies facing economic challenges.
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- Legal Framework
- Critical Issues
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