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NJ A4238
Bill
Status
2/19/2026
Primary Sponsor
Heather Simmons
Click for details
AI Summary
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Division of Pensions and Benefits must conduct formal reviews of pharmacy benefits manager contracts for both the State Health Benefits Program (SHBP) and School Employees' Health Benefits Program (SEHBP) every five years starting from the bill's effective date.
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Reviews must evaluate whether contracts are cost-effective for the State and local governments, whether operational and financial objectives are being met, and the amount of annual net savings achieved.
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Following each review, the division must publish a summary report online within 30 days, including review parameters, factors considered, cost impacts, and findings.
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Reports must be made publicly available on the Division of Pensions and Benefits website.
Legislative Description
Requires Treasury to regularly review contract and performance of pharmacy benefits manager for SHBP and SEHBP.
State and Local Government
Last Action
Introduced, Referred to Assembly State and Local Government Committee
2/19/2026