Plain language
Terms to know
- Pharmacy benefit manager
- An entity that procures prescription drugs at negotiated rates and manages prescription drug benefits for covered entities.
- Fiduciary duty
- A legal obligation to act with care, skill, prudence, and diligence solely in the interests of covered individuals.
- Covered individual
- A member, participant, enrollee, or beneficiary of a covered entity who is provided health coverage, including dependents.
- Generic drug
- A chemically equivalent copy of a brand-name drug with an expired patent.
Public statements
Why lawmakers voted
Last checked Aug 8, 11:40 PM
Why they voted this way
The sponsor argues that the bill provides necessary transparency into Pharmacy Benefit Managers to ensure self-insured entities and public systems receive the best drug deals, which benefits local pharmacies and citizens.