LB198

Nebraska LB198 amends the Pharmacy Benefit Manager Licensure and Regulation Act to redefine terms, change appeal provisions, prohibit spread pricing.

Nebraska LB198 amends the Pharmacy Benefit Manager Licensure and Regulation Act to redefine key terms, change provisions relating to an appeal process, and prohibit spread pricing. The bill mandates that pharmacy benefit managers owe a primary duty to covered persons and providers over other parties. It also requires pharmacy benefit managers to update maximum allowable cost price lists and maintain a procedure to eliminate products from the list if they can be purchased at a lower price.