SB 547 (2026)
Regulate PBMs, prohibit retaining spread pricing
This bill is still active.
Last updated 2025-12-01 4:49 pm
Summary:
Imposes a fiduciary duty on pharmacy benefit managers (PBMs) towards their health carrier clients and prohibits PBMs from retaining any portion of "spread pricing." The bill also mandates detailed quarterly reporting on rebates and administrative fees to the Insurance Commissioner to increase transparency.
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