This bill aims to regulate pharmacy benefits managers and amend existing laws related to the State and Public School Life and Health Insurance Program, as well as certain health benefit plans provided by governmental entities. The legislation seeks to enhance oversight and ensure that these programs operate effectively and fairly for the benefit of the public.

Specifically, the bill introduces new legal language that outlines its purpose, emphasizing the regulation of pharmacy benefits managers and the necessary amendments to existing health insurance laws. These changes are intended to improve the management and delivery of health benefits within the state, ensuring that they meet the needs of the community and adhere to updated standards.