Establishes the "Medicaid Pharmacy Benefit Transparency and Accountability Act" to enhance transparency and accountability in pharmacy benefits.
The "Medicaid Pharmacy Benefit Transparency and Accountability Act" mandates that pharmacy benefits managers disclose specific information to the Department of Human Services, including ownership interests, affiliations, and all financial benefits received. It requires the State Auditor to conduct audits of contracts for pharmacy benefits management services, reviewing income, payments, and financial benefits.
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