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OH SB210
Bill
Status
Introduced
6/3/2025
Primary Sponsor
Louis Blessing
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AI Summary
- Creates a new stand-alone licensing process for pharmacy benefit managers (PBMs) in Ohio, effective January 1, 2027, with a $2,000 initial application fee and $3,000 annual renewal fee
- Requires PBMs to enter written agreements with plan sponsors that include term length, services provided, compensation method, and renewal/termination provisions
- Mandates PBMs to annually account to plan sponsors for all rebates, discounts, fees, and other financial benefits received, and to disclose any conflicts of interest
- Prohibits PBMs from reimbursing Ohio pharmacies less than they reimburse their own affiliated pharmacies for the same services
- Grants the Superintendent of Insurance authority to examine PBM books and records, suspend or revoke licenses for violations, and impose monetary fines for fraud or dishonest practices
Legislative Description
Regards licensing, contracts for pharmacy benefit managers
Health and Human Services : Health Care
Last Action
Referred to committee: Health
6/4/2025
Committee Referrals
Health6/4/2025
Full Bill Text
No bill text available