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OK SB2074

Bill

Status

Introduced

2/2/2026

Primary Sponsor

Jerry Alvord

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Adds a new definition of "acquisition cost" to include purchase price, procurement fees, and shipping/handling charges, excluding post-purchase rebates or discounts not applied at time of sale

  • Prohibits pharmacy benefits managers (PBMs) from refusing additional documentation from providers after appeal submission and requires PBMs to accept electronic batch format appeals without requiring manual login systems

  • Requires approved reimbursement appeals to apply retroactively to all prescriptions of the appealed drug under the same BIN and PCN, with full payment within 30 calendar days or automatic remittance without requiring provider refunds

  • Establishes minimum reimbursement floor for providers at the national average drug acquisition cost plus a professional dispensing fee at least equal to the Medicaid fee-for-service rate; if NADAC unavailable, wholesale acquisition cost applies

  • Requires all reimbursement adjustments to include complete claim-level detail identifying original and revised payment values; adjustments without contemporaneous detail are deemed incomplete. Effective November 1, 2026

Legislative Description

Pharmacy benefit managers; prohibiting PBM from refusing to accept documentation; requiring information to be included in appeal. Effective date.

Last Action

Placed on General Order

3/3/2026

Committee Referrals

Business and Insurance2/3/2026

Full Bill Text

No bill text available