The bill amends the Arkansas Code concerning Maximum Allowable Cost Lists related to pharmacy services by introducing new provisions that allow pharmacies, pharmacists, or businesses providing pharmacy services to pursue a private right of action for violations of these laws. Specifically, the bill adds a new subsection that outlines the rights of these entities to seek remedies, including compensatory damages, actual financial losses, and punitive damages under various acts, such as the Deceptive Trade Practices Act and the Arkansas Pharmacy Benefits Manager Licensure Act.

Additionally, the bill stipulates that a prevailing party in such private actions may recover attorney's fees and all costs incurred during the pursuit of the action. It also establishes that those pursuing violations under the Trade Practices Act can recover statutory damages of $10,000 for each violation. This legislative change aims to enhance the enforcement of pharmacy service regulations and provide a clearer path for pharmacies to seek redress for violations.

Statutes affected:
Old version SB583 Original - 3-31-2025 12:51 PM: 17-92-507
Old version SB583 V2 - 4-3-2025 09:22 AM: 17-92-507
SB 583: 17-92-507