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
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.