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Supporters tell committee SB 1122 would extend PBM rules to ERISA plans; committee leaves measure pending

2512784 · March 5, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate Bill 1122 would extend state PBM oversight to activity by PBMs for ERISA employer plans; pharmacy industry witnesses urged the committee to pass the bill and said it would improve transparency and protect independent pharmacies.

Senate Bill 1122 was presented to the committee as a measure that would extend existing Texas pharmacy‑benefit manager (PBM) rules to ERISA‑based, employer‑sponsored plans. The sponsor framed the bill as codifying a 2024 Texas Attorney General opinion and as consistent with a 2020 U.S. Supreme Court ruling described repeatedly during the layout.

Sponsor remarks (Senator Schwartner) said SB 1122…

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