The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Christine Arbo Peck.
DIGEST
SB 283 Engrossed 2018 Regular Session Mills
Present law requires pharmacy benefit managers to be licensed by LDI. Proposed law requires LDI
to have a dedicated location on their website to publish pharmacy benefit manager information,
including the formulary and timely notification of formulary changes by each licensed pharmacy
benefit manager.
Proposed law requires pharmacy benefit managers to issue an annual transparency report that
discloses aggregate data on rebates received from drug manufacturers, administrative fees, and
aggregate rebates received that did not pass through to the health benefit plan or insurer. Proposed
law requires LDI to publish the transparency report within ten days of receipt from the pharmacy
benefit manager.
Proposed law provides for enforcement against the pharmacy benefit manager's license for failure
to comply with proposed law.
Proposed law applies to pharmacy benefit managers participating in the Medicaid program.
Proposed law provides for an exception to the public records act.
Effective August 1, 2018.
(Amends R.S. 22:1657 and R.S. 44:4.1(B)(11); adds R.S. 22:1657.1)