Missouri SB968 modifies pharmacy benefits manager regulations, including pricing updates and reimbursement requirements.
Missouri SB968 modifies provisions relating to pharmacy benefits managers by updating pricing standards and reimbursement requirements. It mandates that pharmacy benefits managers update maximum allowable cost pricing at least every seven days and reimburse pharmacies for drugs subject to this pricing. The bill prohibits pharmacy benefits managers from limiting patient choice of pharmacies or pharmacists and requires equal reimbursement rates for in-state pharmacies and pharmacy benefits manager affiliates. It also repeals and replaces certain sections of state law to reflect these changes.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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