Digest: This act makes it a condition of licensing that PBMs need to act in a patient's best interest and tells DCBS to make rules. (Flesch Readability Score: 66.1).
Requires pharmacy benefit managers to act as fiduciaries to enrollees when negotiating drug prices and tells the Department of Consumer and Business Services to adopt rules explaining the fiduciary duty requirements and to establish a complaint process for reporting breaches of fiduciary duty.