Amendment ID: S2397-6

Amendment 6

Schedule of Carrier Audits of PBMs

Messrs. Kennedy and Tarr move that the proposed new draft be amended Senator Kennedy moves that the bill be amended by striking section 36 in its entirety and replacing it with the following new language:-

"SECTION 36. Section 2 of Chapter 176O of the General Laws, as so appearing, is hereby amended by adding the following subsection:

(i) The division shall conduct periodic audits of pharmacy benefit managers licensed by the division and may require that carriers that contract with a pharmacy benefit manager coordinate an audit of the operations of the pharmacy benefit manager, not less than every three years, to ensure compliance with this chapter and to examine the pricing and rebates applicable to prescription drugs that are provided."