The proposed bill aims to establish restrictions on pharmacy contracting and conflicts of interest while promoting pharmaceutical patient freedom of choice in Arkansas. It introduces a new section, 17-92-414, which outlines the responsibilities of pharmacy permit holders and prohibits parent entities, such as hospitals and health centers, from financially incentivizing patients to choose specific pharmacies or limiting their freedom of choice through financial means. The bill mandates that any complaints regarding violations be investigated by the board within 30 business days and establishes that repeated violations will be considered a breach of the Unfair Practices Act. Additionally, it allows for exemptions under certain conditions, such as demonstrating a verified financial loss.

Furthermore, the bill adds a new subchapter, Subchapter 19, to the Arkansas Code, which emphasizes the right of patients to choose their pharmacy or pharmacy treatment plan. It requires that patients be fully informed of their options and prohibits permit holders from engaging in agreements that undermine the traditional relationships between physicians, patients, and pharmacists. The bill also mandates documentation of patients' pharmacy choices when they are receiving prescriptions from associated health system facilities, ensuring that their freedom of choice is respected and maintained.