SB 360, as amended by the Senate Financial Institutions and Insurance Committee on February 6, requires PBMs to charge health benefit plans the same price for a prescription drug as they pay to pharmacies. The bill also establishes a reimbursement rate floor for pharmacies, mandating payment of no less than the National Average Drug Acquisition Cost (NADAC) plus a professional dispensing fee of $10.50.
For more information, contact NACDS’ Mary Staples at 817-442-1155.