New York A06764 amends insurance law to require pharmacy benefit managers to report specific financial details to the superintendent.

New York A06764 amends the insurance law to mandate that pharmacy benefit managers include specific financial details in their annual reports to the superintendent. This includes the aggregated dollar amount of rebates, fees, price protection payments, and other payments received from drug manufacturers through rebate contracts. It also requires details on the allocation of these payments and comprehensive information on each rebate contract, including the names of the contracting parties, execution dates, terms, covered drugs, contract terms, and the number of prescriptions filled.

New York A06764 amends insurance law to require pharmacy benefit managers to report specific financial details to the superintendent.

New York A06764 amends the insurance law to mandate that pharmacy benefit managers include specific financial details in their annual reports to the superintendent. This includes the aggregated dollar amount of rebates, fees, price protection payments, and other payments received from drug manufacturers through rebate contracts. It also requires details on the allocation of these payments and comprehensive information on each rebate contract, including the names of the contracting parties, execution dates, terms, covered drugs, contract terms, and the number of prescriptions filled.