This bill proposes to amend the Arizona Revised Statutes by adding new sections that regulate the activities of pharmacy benefit managers (PBMs). Key provisions include prohibiting PBMs from transferring patient or prescriber identifiable prescription information for commercial purposes, steering patients to affiliated providers, and penalizing beneficiaries for not using affiliated pharmacies. Additionally, the bill mandates that PBMs submit annual transparency reports detailing rebates, administrative fees, and reimbursements, among other financial data, to ensure accountability and transparency in their operations.

The bill also clarifies definitions related to affiliated providers and clinician-administered drugs, while ensuring that the prohibitions apply to PBMs acting on behalf of insurers. It establishes that these regulations will apply to contracts entered into or renewed after the bill's effective date. Overall, the proposed changes aim to enhance consumer protection and transparency in the pharmacy benefit management sector.

Statutes affected:
Introduced Version: 20-3337, 20-3338, 20-3339