New Jersey S4206 mandates pharmacy benefits managers to disclose specific information to health benefits plan sponsors and allows for annual audits.

New Jersey S4206 requires pharmacy benefits managers to provide detailed reports to health benefits plan sponsors at least every six months. These reports must include information on drug spending, the net price per course of treatment, and the total amount of out-of-pocket spending by beneficiaries. The bill also mandates that pharmacy benefits managers allow for an annual audit at the request of the plan sponsor to ensure compliance with contract terms and the accuracy of reported information.

New Jersey S4206 mandates pharmacy benefits managers to disclose specific information to health benefits plan sponsors and allows for annual audits.

New Jersey S4206 requires pharmacy benefits managers to provide detailed reports to health benefits plan sponsors at least every six months. These reports must include information on drug spending, the net price per course of treatment, and the total amount of out-of-pocket spending by beneficiaries. The bill also mandates that pharmacy benefits managers allow for an annual audit at the request of the plan sponsor to ensure compliance with contract terms and the accuracy of reported information.