Oklahoma SB161 mandates pharmacy benefit managers to uphold fiduciary duties and prohibits certain practices.
Oklahoma SB161 amends pharmacy benefits manager compliance by requiring these managers to maintain a fiduciary duty to insurers and insureds. The bill prohibits pharmacy benefit managers from restricting pharmacies from informing patients of cost differences, failing to pay pharmacies for services, engaging in spread pricing, charging fees for network participation, and other practices. It also mandates that pharmacy benefit managers maintain documentation of network development activities and provide detailed data to the Attorney General. The act becomes effective November 1, 2025.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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