NY S09040

Prohibits pharmacy benefit managers from penalizing pharmacies or pharmacists for disclosing to customers the cost of prescription medications or services to the individual.

Requires pharmacy benefit managers to permit disclosure of the cost of medications or services to the pharmacy and the pharmacy's reimbursement amount.

Prohibits pharmacy benefit managers from preventing pharmacies from informing customers about therapeutically equivalent alternative medications or alternative purchasing methods, including cash prices.

Prohibits charging copayments that exceed the total submitted charges by the pharmacy, and prevents pharmacy benefit managers from redacting or recouping adjudicated costs when individuals pay copayments.

Takes effect immediately upon enactment.