New Hampshire SB665 regulates pharmacy benefits managers, requiring transparency in drug pricing and reporting, and mandates notice to consumers.

New Hampshire SB665 introduces significant changes to the regulation of pharmacy benefits managers (PBMs). It mandates that PBMs submit semi-annual reports to the commissioner detailing administered health benefit plans and collected rebates. Pharmacies are required to inform consumers about their right to request the lowest available prescription drug price and provide details on pricing options upon request. The bill also outlines business practices for PBMs, including making maximum allowable costs available to pharmacies and adjusting these costs every 14 days.

New Hampshire SB665 regulates pharmacy benefits managers, requiring transparency in drug pricing and reporting, and mandates notice to consumers.

New Hampshire SB665 introduces significant changes to the regulation of pharmacy benefits managers (PBMs). It mandates that PBMs submit semi-annual reports to the commissioner detailing administered health benefit plans and collected rebates. Pharmacies are required to inform consumers about their right to request the lowest available prescription drug price and provide details on pricing options upon request. The bill also outlines business practices for PBMs, including making maximum allowable costs available to pharmacies and adjusting these costs every 14 days.