2014 Senate Bill 1001

Impose more regulation on “pharmacy benefits managers”

Introduced in the Senate

June 12, 2014

Introduced by Sen. Tonya Schuitmaker (R-20)

To specify provisions that a contract between a pharmacy benefit manager and a pharmacy must contain, including maximum allowable cost provisions. See Senate Bill 999, which would extend a comprehensive regulatory regime on heath insurance “third part administrators” to include pharmacy benefit managers.

Referred to the Committee on Insurance