SB1025

Health care; creating the Oklahoma Rebate Pass-Through and Pharmacy Benefits Manager Meaningful Transparency Act of 2025; clarifying authority to take certain actions. Effective date.

Introduced·2/3/25
Int Text

Oklahoma Rebate Pass-Through and Pharmacy Benefits Manager Meaningful Transparency Act of 2025 clarifies transparency and rebate pass-through.

The Oklahoma Rebate Pass-Through and Pharmacy Benefits Manager Meaningful Transparency Act of 2025 mandates that pharmacy benefits managers (PBMs) pass through at least 85% of rebates to health insurers or self-funded employers. It prohibits PBMs from engaging in spread pricing, charging pharmacies fees for network participation, or penalizing pharmacies for disclosing cost differences. PBMs must disclose rebate information to insurers and self-funded employers.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Business and Insurance Committee
Next
Committee decision

Sponsors

0
2
RR
Democratic CaucusRepublican Caucus

History

Feb 11, 2025

Senate

Coauthored by Representative Bashore (principal House author)

Feb 4, 2025

Senate

Second Reading referred to Business and Insurance

Feb 3, 2025

Senate

First Reading