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Licensing of Pharmacy Benefit Managers RAC

HB 4149 (2024) requires pharmacy benefit managers (PBMs) to be licensed by the Department of Consumer and Business Services beginning January 1, 2025. 

Modifies the definition of "pharmacy benefit manager" and imposes new requirements on pharmacy benefit managers. 

Restricts audits of pharmacy claims for reimbursement. Requires pharmacy benefit managers to report specified information to the department on an annual basis. 

Imposes new requirements with respect to the insurance coverage of 340B drugs.

Click below to read adopted temporary rule related to this RAC:

​​​​Amend rules: OARs 836-200-0401, 836-200-0406, 836-200-0411, 836-200-0416, 836-200-0418, 836-200-0421, 836-200-0436, 836-200-0440

Need for the rule(s): 2024 Oregon House Bill 4149 made updates to the statutes regulating the conduct of pharmacy benefit managers (PBMs). Most significantly, it changed the existing requirement that PBMs register with the Oregon Department of Consumer and Business Services (DCBS) to a licensure requirement. There are extensive references to “registration” in DCBS’s existing rule that will need to be updated to “licensure” language. The law also expanded transparency requirements on PBMs, and new language is needed in the respective rule to reflect the addition of new data elements. Additionally, some stakeholders have raised concerns that PBMs are not in full compliance with existing law. We are proposing updates throughout the PBM rules to provide additional clarity on existing requirements related to “maximum allowable cost” (MAC) lists, and adding new language reflecting market conduct requirements for PBMs that ​were created under 2019 HB 2185 and 2023 HB 2725.

Filed: 12/23/24

Effective: 01/01/2025 through 06/29/2025

Documents:
Temporary Administrative Rule​




Committee Contacts

Numi Griffith
Senior Policy Advisor
numi.l.griffith@dcbs.oregon.gov
Phone: 503-507-6758

Karen Winkel
Rules Coordinator
Karen.J.Winkel@dcbs.oregon.gov
Phone: 503-947-7694

Meetings

December 11, 2024

Prior committee meetings

Committee members

Amanda Meeker
Oregon Primary Care Association

Amy Burns
Allcare CCO

Austin Blakeslee
Hi-School Pharmacy

Jennifer Baker
Express Scripts/Cigna

John Murray
Murray’s Drugs

Lorren Sandt
Caring Ambassadors

LuGina Mendez Harper
Prime Therapeutics

Madonna McGuire Smith
Pacific NW Bleeding Disorders

Marris Alden
Cambia Health