New Jersey S4208 bans spread pricing by pharmacy benefit managers and mandates transparency in their services.
New Jersey S4208 prohibits pharmacy benefit managers from using spread pricing, where the contracted price for prescription drugs differs from what they pay pharmacies. The bill also mandates transparency in pharmacy benefits management services. It requires pharmacy benefit managers to remit 100 percent of rebates, fees, and other remuneration to carriers, health benefits plans, or purchasers.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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