The proposed bill, General Assembly Proposed Bill No. 820, seeks to amend title 38a of the general statutes to establish a duty of good faith and fair dealing for pharmacy benefits managers (PBMs). This new legal requirement mandates that PBMs must act in good faith and deal fairly with all parties involved in their management services, which includes health carriers, health benefit plan sponsors, pharmacies, and covered persons.

The bill aims to enhance accountability and ethical conduct among PBMs in their interactions with various stakeholders in the healthcare system. By instituting this duty, the legislation intends to promote transparency and fairness in the operations of pharmacy benefits managers, ultimately benefiting consumers and the healthcare industry as a whole. There are no deletions from current law noted in the text of the bill.