Rhode Island S2462 mandates the executive office of health and human services to oversee pharmacy benefit managers and prohibit spread pricing.

Rhode Island S2462 requires the secretary of the executive office of health and human services to monitor and mandate changes to the price-setting practices of pharmacy benefit managers to prohibit the spread pricing payment model. This act aims to protect Rhode Islanders and the state Medicaid program from high prescription drug costs by ensuring greater transparency and accountability from pharmacy benefit managers.

Rhode Island S2462 mandates the executive office of health and human services to oversee pharmacy benefit managers and prohibit spread pricing.

Rhode Island S2462 requires the secretary of the executive office of health and human services to monitor and mandate changes to the price-setting practices of pharmacy benefit managers to prohibit the spread pricing payment model. This act aims to protect Rhode Islanders and the state Medicaid program from high prescription drug costs by ensuring greater transparency and accountability from pharmacy benefit managers.