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SF0078

Wyoming Prescription Drug Practices Bill (SF0078)

Last scannedOct 18, 2026, 2:19 AM

In one sentence

This bill would create a legal duty for pharmacy benefit managers to act in the best interest of patients and pass on savings from drug manufacturers.

What it does

  • Creates a legal duty for pharmacy benefit managers to act with care, skill, prudence, and diligence in the interests of covered individuals.
  • Requires pharmacy benefit managers to pass on in full any payments or benefits received from drug manufacturers to the covered entity or covered individuals.
  • Mandates that pharmacy benefit managers disclose all financial terms and arrangements for remuneration with drug manufacturers or labelers to the covered entity.
  • Prohibits pharmacy benefit managers from substituting a higher-priced drug for a lower-priced one without authorization from the prescribing health professional.
  • Requires pharmacy benefit managers to provide all financial and utilization information requested by the covered entity.
  • Declares any contract clause that waives these fiduciary duties to be against public policy and void.

Who it affects

  • Pharmacy benefit managers operating in Wyoming.
  • Covered entities, such as insurers, hospitals, employers, and state health programs that provide health coverage.
  • Covered individuals, including members, participants, enrollees, and their dependents who have health coverage.
  • The Wyoming Insurance Commissioner, who is responsible for enforcing these rules.

Limits and unknowns

  • The bill did not pass and was placed on the general file in 2008, so these rules were not enacted into law.
  • The bill states that penalties are provided but does not specify the exact amounts or types of penalties in the text provided.
  • The bill requires defraying 'reasonable expenses' of administering health plans but does not define how those expenses are calculated.

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.

Official record

Sources

Source checked

Public statements

Why lawmakers voted

Last checked Aug 8, 11:40 PM

Voted Yes

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.

Public statementFloor statement at 50:13 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

2 roll calls

Official activity

Bill history

  1. S Placed on General File; Did Not Consider in CoWSenate
  2. S10 Recommended Amend and Do PassSenate
  3. S Introduced and Referred to S10Senate
  4. S Received for IntroductionSenate
  5. Bill Number AssignedLSO