South Carolina H4794 regulates pharmacy benefits managers by prohibiting unfair trade practices and patient steering.

South Carolina H4794 amends the state code to regulate pharmacy benefits managers (PBMs). The bill prohibits PBMs from engaging in unfair trade practices, patient steering, and other deceptive actions. It mandates that PBMs must disclose any ownership interest in pharmacies to patients and prohibits them from retaliating against patients who choose alternative pharmacies. The bill also restricts PBMs from engaging in spread pricing, repackaging drugs at higher prices without informing beneficiaries, and other practices that could harm patients or increase costs.

South Carolina H4794 regulates pharmacy benefits managers by prohibiting unfair trade practices and patient steering.

South Carolina H4794 amends the state code to regulate pharmacy benefits managers (PBMs). The bill prohibits PBMs from engaging in unfair trade practices, patient steering, and other deceptive actions. It mandates that PBMs must disclose any ownership interest in pharmacies to patients and prohibits them from retaliating against patients who choose alternative pharmacies. The bill also restricts PBMs from engaging in spread pricing, repackaging drugs at higher prices without informing beneficiaries, and other practices that could harm patients or increase costs.