Oklahoma SB1500 regulates pharmacy benefit managers by prohibiting certain payment conditions, requiring timely payments, and establishing accounting.

Oklahoma SB1500 amends pharmacy benefit manager regulations to prohibit payments from being conditioned on certain provisions, prevent providers from bearing risks of delayed or failed funding, and require payors to remit full payment for clean claims within 30 days. It mandates that payors provide clear, accurate, and individualized accounting of all payments made to providers. Payments not made within the specified time frame accrue interest at a rate of 10% per month. The Attorney General is authorized to levy fines for violations.

Oklahoma SB1500 regulates pharmacy benefit managers by prohibiting certain payment conditions, requiring timely payments, and establishing accounting.

Oklahoma SB1500 amends pharmacy benefit manager regulations to prohibit payments from being conditioned on certain provisions, prevent providers from bearing risks of delayed or failed funding, and require payors to remit full payment for clean claims within 30 days. It mandates that payors provide clear, accurate, and individualized accounting of all payments made to providers. Payments not made within the specified time frame accrue interest at a rate of 10% per month. The Attorney General is authorized to levy fines for violations.