S.2462

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.

Chamber Passed·4/2/26
Introduced Text

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.

Included in complete analysis

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

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Where it stands

Last
Passed the Senate · 36–0 · Apr 2
Current
Finance Committee
Next
Session adjourned — paused until it reconvenes

Sponsors

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10
0
Democratic CaucusRepublican Caucus

Roll Call Votes

36 Yea

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0 Nay

2 Not Voting

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Calendar

Mar 26

12:00 AM

Senate Health and Human Services Hearing

History

Apr 3

House

Referred to House Finance

Apr 2

Senate

Senate read and passed

Mar 27

Senate

Placed on Senate Calendar (04/02/2026)