Removes exemption for self-insured health plans from pharmacy benefits manager regulations.

This bill removes the exemption for self-insured health benefits plans from the law concerning pharmacy benefits managers. It mandates the Department of Banking and Insurance to report on the implications of a recent US Supreme Court opinion on state law governing pharmacy benefits managers. The law applies to all pharmacy benefits managers operating in New Jersey, except for those administering benefits on behalf of specific state programs.

Removes exemption for self-insured health plans from pharmacy benefits manager regulations.

This bill removes the exemption for self-insured health benefits plans from the law concerning pharmacy benefits managers. It mandates the Department of Banking and Insurance to report on the implications of a recent US Supreme Court opinion on state law governing pharmacy benefits managers. The law applies to all pharmacy benefits managers operating in New Jersey, except for those administering benefits on behalf of specific state programs.