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OK SB2007

Bill

Status

Introduced

2/2/2026

Primary Sponsor

Jonathan Wingard

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • PBMs must remit administrative fees to pharmacies when they increase reimbursement for a drug following an appeal and then reduce it within 30 days: $100 per occurrence, escalating to $500 after 90 days and $1,000 after 180 days of non-payment

  • Appeals resulting in reimbursement increases that still fall below the pharmacy's acquisition cost are classified as denials, triggering requirements for PBMs to provide documented proof of drug availability at lower prices from wholesalers

  • Reimbursement appeal requirements apply to all payment methodologies including average acquisition cost, average wholesale price, wholesale acquisition cost, and generic/brand effective rates

  • PBMs cannot require pharmacies to collect additional money from patients or plan sponsors following successful below-cost reimbursement appeals

  • Effective date: November 1, 2026

Legislative Description

Pharmacy Benefit Managers; requiring PBM to remit certain fees. Effective date.

Last Action

Coauthored by Representative Stinson (principal House author)

3/12/2026

Committee Referrals

Business and Insurance2/3/2026

Full Bill Text

No bill text available