Oklahoma SB2007 mandates pharmacy benefit managers to remit certain fees and provides reimbursement guidelines for pharmacies.

Oklahoma SB2007 amends pharmacy benefit manager contractual duties, requiring them to provide contact information for decision-makers on maximum allowable cost (MAC) appeals and pricing. It mandates reimbursement to pharmacies at no less than the wholesale acquisition cost for drugs on the FDA Drug Shortages Database. The bill also outlines procedures for below-cost reimbursement appeals, including a requirement for PBMs to remit administrative fees if they fail to respond within specified timeframes.

Oklahoma SB2007 mandates pharmacy benefit managers to remit certain fees and provides reimbursement guidelines for pharmacies.

Oklahoma SB2007 amends pharmacy benefit manager contractual duties, requiring them to provide contact information for decision-makers on maximum allowable cost (MAC) appeals and pricing. It mandates reimbursement to pharmacies at no less than the wholesale acquisition cost for drugs on the FDA Drug Shortages Database. The bill also outlines procedures for below-cost reimbursement appeals, including a requirement for PBMs to remit administrative fees if they fail to respond within specified timeframes.