Mississippi HB1672 revises the Pharmacy Benefit Prompt Pay Act, enhancing oversight and regulations for pharmacy benefit managers and pharmacy.
Mississippi HB1672 amends the Pharmacy Benefit Prompt Pay Act to enhance regulatory oversight and establish new rules for pharmacy benefit managers and pharmacy services administrative organizations. The bill mandates that pharmacy benefit managers provide a reasonable administrative appeal procedure for pharmacies to challenge reimbursements. It also requires pharmacy benefit managers to pass on all rebates and payments received from pharmaceutical manufacturers to plan sponsors.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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