Pharmacy Benefits Managers - Definitions of Carrier, ERISA, and Purchaser
What this bill does
Repealing the definitions of 'carrier' and 'ERISA' and altering the definition of 'purchaser' for the purpose of applying certain provisions of State insurance law governing pharmacy benefits managers to certain persons that provide prescription drug coverage or benefits in the State through plans or programs subject to ERISA; and repealing a certain provision that restricts applicability of certain provisions of law to pharmacy benefits managers that provide pharmacy benefits management services on behalf of a carrier.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.