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SF 982 Senate Long Description

Requiring and providing for certification of pharmacy benefits managers by the commissioner of health, defining pharmacy benefits manager and specifying certain certificate of authority application requirements; requiring the disclosure of financial and utilization information and arrangements relating to prescription drug purchasing to the commissioner and the attorney general; regulating the dispensation of substitute prescription drugs, requiring pharmacy benefits managers to obtain approval of the prescribing health professional and to disclose to the covered individual and entity the cost of both drugs and benefits or payments accruing to the manager as a result of the substitution; requiring and providing for commissioner enforcement, requiring
suspension or revocation of the authority of pharmacy benefits managers for violation; authorizing attorney general pursuit of penalties and remedies and covered entity civil actions; requiring commissioner issuance and enforcement rules
(ra)