AB 1502, State Assembly lawmakers advanced the “Patient and Provider Protection Act,” comprehensive PBM reform legislation aimed at increasing transparency, addressing conflicts of interest, strengthening pharmacy access protections and reforming PBM compensation practices. Key provisions include fiduciary requirements for PBMs, restrictions on rebate-driven compensation models, enhanced transparency and audit requirements, “any willing pharmacy” protections, reimbursement standards tied to NADAC plus dispensing fees, and prohibitions on steering patients to affiliated pharmacies. Following Assembly passage, the legislation has now been referred to the Senate Commerce Committee for further consideration.
For more information, contact NACDS’ Jermaine Smith at 703–837–4388.