The Office of Insurance and Safety Fire Commissioner issued a proposed 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 would also require 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 would impose penalties and increase existing penalty amounts. A hearing is scheduled for November 19, 2020, in Atlanta.
For more information, contact NACDS’ Leigh Knotts at 803-243-7207.