SB 287 – Michigan

Status: Inactive / Dead
Year Introduced: 2017

PHARMACY BENEFIT MANAGERS: The contract entered into by the pharmacy benefit manager must include a current list of the sources used to determine the prescription drug pricing standard. The pharmacy benefit manager shall update the prescription drug pricing standard not less often than every 7 days and provide a means by which the pharmacy may promptly review the updates in a format that is readily available and accessible.

The pharmacy benefit manager shall use the same prescription drug pricing standard or set of prescription drug pricing standards for all covered individuals and pharmacies participating in the same pharmacy benefit.

This law would also apply other standards to PBMs.

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