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Senate committee advances pharmacy benefit 'prompt‑pay' bill after removing three‑year sunset
Summary
The Public Health and Welfare Committee advanced a committee substitute for Senate Bill 2677, a pharmacy benefit manager (PBM) transparency and prompt‑pay measure, after voting to strike a three‑year reverse repealer. The substitute includes faster reimbursement timelines and licensing requirements for pharmacy service administrators.
The Public Health and Welfare Committee voted to advance a committee substitute for Senate Bill 2677, known in the hearing as the Pharmacy Benefit Prompt Pay Act, after members approved an amendment striking a three‑year reverse repealer.
Senator Parks, sponsor of the committee substitute, told the committee the substitute combines transparency provisions from prior sessions with data‑collection requirements and includes a three‑year repealer in lines 852–853 of the proposed…
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