HB 2853 – Oklahoma

Status: In Process
Year Introduced: 2023
Link: http://www.oklegislature.gov/BillInfo.aspx?Bill=HB2853&Session=2300

creates the Oklahoma Rebate Pass-Through and PBM Meaningful Transparency Act of 2023 by expanding on the definitions for pharmacy benefits management and pharmacy benefits manager as it relates to Pharmacy Audit Integrity Act. The measure expands on the required items for a licensure application by adding information on the business structure of the PBM, and a signed statement indicating that the PBM has not been convicted of a felony and has not violated any of the requirements of the Oklahoma Pharmacy Act and the Patient’s Right to Pharmacy Choice Act. The measure amends the Patient’s Right to Pharmacy Choice Act to add definitions for, administrative fees, aggregate retained rebate percentage, defined cost sharing, formulary, generic equivalent, health insurer administrative service fees, health plan, pharmacy and therapeutics committee, price protection rebate, and rebates.

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