SENATE DOCKET, NO. 704        FILED ON: 1/18/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 593

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Bruce E. Tarr

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act to strengthen pharmacy benefit management.

_______________

PETITION OF:

 

Name:

District/Address:

Bruce E. Tarr

First Essex and Middlesex


SENATE DOCKET, NO. 704        FILED ON: 1/18/2017

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 593

By Mr. Tarr, a petition (accompanied by bill, Senate, No. 593) of Bruce E. Tarr for legislation to strengthen pharmacy benefit management.  Financial Services.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act to strengthen pharmacy benefit management.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 226 of Chapter 175 of the General Laws is hereby amended by adding the following after subsection (p) thereof:-

(g) The commissioner shall promulgate regulations for the licensing of pharmacy benefit managers providing services in the Commonwealth, which shall consist of, but not be limited to, provisions which:

1. Require a minimum standard of qualification or accreditation

2. Minimize actual or potential conflicts of interest

3. Provide for regular audits of the operations and activities of entities licensed hereunder

4. Provide a mechanism for the submission of, hearing, and disposition of claims of unfair practices by such licenses