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AR SB583
Bill
Status
4/23/2025
Primary Sponsor
Clarke Tucker
Click for details
AI Summary
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Pharmacies, pharmacists, and pharmacy service businesses may now pursue private lawsuits for violations of Maximum Allowable Cost List requirements under the Deceptive Trade Practices Act, Arkansas Pharmacy Benefits Manager Licensure Act, and Trade Practices Act
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Prevailing plaintiffs can recover compensatory damages, actual financial losses, punitive damages, attorney's fees, and all litigation costs
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Statutory damages of $10,000 per violation are available for claims brought under the Trade Practices Act (§ 23-66-201 et seq.)
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The private right of action explicitly excludes lawsuits against governments, governmental agencies, or governmental officials
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Amends Arkansas Code § 17-92-507 by adding new subsection (h); approved April 22, 2025
Legislative Description
To Amend The Law Concerning Maximum Allowable Cost Lists Relating To Pharmacy Services.
Last Action
Notification that SB583 is now Act 990
4/23/2025