The Office of Insurance and Safety Fire Commissioner issued a final rule to amend regulations under GAC 120-2-97 to increase the annual filing fee for licensed pharmacy benefits managers from $400 to $1,000. The rule also requires pharmacy benefits managers to file with the office all methodologies used in determining multi-source generic drug pricing, a statement identifying affiliate pharmacies, and reports and other information required by statute. Also, the rule imposes penalties and increases existing penalty amounts. The rule was effective on January 1.
For more information, contact NACDS’ Leigh Knotts at 803-243-7207.