Vote Smart's Synopsis:

Vote to pass a bill that amends and establishes new regulations for pharmacy benefits managers (PBMs) in Mississippi.

Highlights:

• Amends and establishes new regulations for pharmacy benefits managers (PBMs) in Mississippi, including, but not limited to (Sec. 2-11):

• Prohibiting PBMs from charging insurers more for drugs than pharmacists are paid;

• Requiring PBMs to submit reports detailing the rebates, or cost savings, they receive from pharmaceutical companies and to disclose their affiliations with pharmacies to the state Board of Pharmacy; and

• Requiring drug manufacturers and health insurers to submit reports detailing wholesale drug costs and information about drug costs and spending to the Board of Pharmacy.

• Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 12).

Full Bill Text