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Insurance subcommittee advances bill to hold pharmacy benefit managers to insurer prompt-pay standards
2691825 · March 19, 2025
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Summary
The Insurance Subcommittee approved House Bill 1244 to require pharmacy benefit managers to meet prompt-payment standards like health insurers and to remove statutory caps on penalties, sending the measure to the full Insurance Committee.
The Insurance Subcommittee on Wednesday approved House Bill 1244, a measure aiming to hold pharmacy benefit managers to prompt-payment standards similar to those that apply to health insurers, and to remove statutory limits on individual and aggregate penalties for…
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