HB 2253
Requires pharmacy benefit managers to act as fiduciaries to enrollees when negotiating drug prices and tells the Department of Consumer and Business Services to adopt rules explaining the fiduciary duty requirements and to establish a complaint process for reporting breaches of fiduciary duty.
Official Summary
Digest: This act makes it a condition of licensing that PBMs need to act in a patient's best interest and tells DCBS to make rules. (Flesch Readability Score: 66.1). Requires pharmacy benefit managers to act as fiduciaries to enrollees when negotiating drug prices and tells the Department of Consumer and Business Services to adopt rules explaining the fiduciary duty requirements and to establish a complaint process for reporting breaches of fiduciary duty.
Committee
HBHHC
Sponsors
Rep Wallan
Last Action
In committee upon adjournment.
Invalid Date
Legislative Timeline
House: In committee upon adjournment.
House: Public Hearing held.
House: Referred to Behavioral Health and Health Care.
House: First reading. Referred to Speaker's desk.
Story Thread
4 events tracked · Jan 13 – Jun 27, 2025