The bill H. 4793 seeks to amend the South Carolina Code of Laws regarding the examination of books and records for Pharmacy Benefits Managers (PBMs) and Pharmacy Services Administrative Organizations (PSAOs). Specifically, it amends Section 38-71-2250 and Section 38-71-2340 to clarify that these examinations are subject to the requirements of Chapter 13, Title 38. The amendments stipulate that the director may conduct examinations at least once every five years and that the respective organizations must cover the costs associated with these examinations, including expenses for the director and examiners.

Additionally, the bill emphasizes that any information or data obtained during these examinations is considered proprietary and confidential, thus exempt from the South Carolina Freedom of Information Act. This legislation aims to enhance oversight and compliance for PBMs and PSAOs while ensuring the confidentiality of sensitive information. The act will take effect upon approval by the Governor.

Statutes affected:
12/17/2025: 38-71-2250, 38-71-2340
Latest Version: 38-71-2250, 38-71-2340