HB0035

Official summary

Summary for LSO115 Bill No.: HB0035 Effective : 7/1/2016 LSO No.: 16LSO-0191 Enrolled Act No.: HEA No. 0018 Chapter No.: 90 Prime Sponsor: Joint Corporations, Elections & Political Subdivisions Interim Committee Catch Title: Pharmacy benefit manager regulation. Subject: Regulati on of pharmacy benefit managers Summary/Major Elements: This bill regulate s pharmacy benefit managers whose job it is to manage and monitor prescription drug benefits, generally on behalf of insurance companies. The bill establishes procedures for licensing pharmacy benefit managers by the Department of Insurance. The bill regulate s audits perform ed by pharmacy benefit managers. The bill sets requirements for drug pricing and provide s and regulates the processes for pharmacies to appeal the actions of pharmacy benefit managers. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill .