Senate Bill No. 372, introduced by Senator Bass, amends the existing law regarding pharmacy benefit managers (PBMs) in Louisiana. The bill retains the requirement for PBMs to submit an annual transparency report to the commissioner of insurance and allows the commissioner to examine the books or records of a PBM to verify the accuracy of this report.

The proposed legislation expands the commissioner’s authority by permitting the examination of records from any entity within a PBM's corporate vertical structure. This includes insurers, group purchasing organizations, manufacturers, wholesale distributors, and various types of pharmacies. The changes aim to enhance transparency and oversight of pharmacy benefit managers, with the new provisions set to take effect on August 1, 2026.

Statutes affected:
SB372 Original: 22:1870(D)(1)