Oklahoma HB4457 regulates pharmacy benefits managers by prohibiting them from holding certain licenses and outlines enforcement by the Attorney.

Oklahoma HB4457 introduces new regulations on pharmacy benefits managers, prohibiting them from acquiring or holding certain licenses for retail sale of drugs. The State Board of Pharmacy must notify pharmacy license holders of potential violations at least ninety days before January 1, 2027. The Board can revoke or not renew licenses for violations. A limited exception allows for rare, orphan, or limited distribution drugs until September 1, 2028. The Board must also notify patients of pharmacies that can no longer dispense drugs to them.

Oklahoma HB4457 regulates pharmacy benefits managers by prohibiting them from holding certain licenses and outlines enforcement by the Attorney.

Oklahoma HB4457 introduces new regulations on pharmacy benefits managers, prohibiting them from acquiring or holding certain licenses for retail sale of drugs. The State Board of Pharmacy must notify pharmacy license holders of potential violations at least ninety days before January 1, 2027. The Board can revoke or not renew licenses for violations. A limited exception allows for rare, orphan, or limited distribution drugs until September 1, 2028. The Board must also notify patients of pharmacies that can no longer dispense drugs to them.