SB209

Nevada SB209 revises provisions relating to pharmacy benefit managers, including prohibiting certain practices and requiring disclosures and rebate.

Nevada SB209 amends existing law to expand the scope of provisions governing pharmacy benefit managers, including prohibiting certain practices and requiring disclosures and rebate distribution. The bill prohibits pharmacy benefit managers from steering individuals towards affiliated pharmacies, discriminating against nonaffiliated pharmacies, and engaging in spread pricing. It also requires pharmacy benefit managers to disclose certain fees and rebates to third parties and mandates that rebates be passed along to insurers and insureds to reduce premiums and cost-sharing obligations.