Pharmacy Benefit Prompt Pay Act; revise various existing and create additional provisions related to.

An Act To Amend Section 73-21-151, Mississippi Code Of 1972, To Reference New Sections In The Pharmacy Benefit Prompt Pay Act; To Amend Section 73-21-153, Mississippi Code Of 1972, To Define And Revise Terms Under The Pharmacy Benefit Prompt Pay Act; To Amend Section 73-21-155, Mississippi Code Of 1972, To Revise The Method Of Determining Reimbursement To A Pharmacist Or Pharmacy By A Pharmacy Benefit Manager Or Pharmacy Services Administrative Organization (psao) For The Dispensing Of Prescription Drugs And Other Products And Supplies; To Amend Section 73-21-156, Mississippi Code Of 1972, To Require Pharmacy Benefit Managers To Provide A Reasonable Administrative Appeal Procedure To Allow Pharmacies To Challenge A Reimbursement For A Specific Drug Or Drugs As Being Below The Reimbursement Rate Required By The Preceding Provision; To Provide That If The Appeal Is Upheld, The Pharmacy Benefit Manager Shall Make The Change In The Payment To The Required Reimbursement Rate; To Amend Section 73-21-157, Mississippi Code Of 1972, To Require The Psao To Be Licensed With The Mississippi Board Of Pharmacy (board); To Create New Section 73-21-158, Mississippi Code Of 1972, To Prohibit A Pharmacy Benefit Manager From Engaging In Spread Pricing; To Amend Section 73-21-161, Mississippi Code Of 1972, To Prohibit A Pharmacy, Pharmacy Benefit Manager Or Pharmacy Benefit Manager Affiliates From Steering; To Create New Section 73-21-162, Mississippi Code Of 1972, To Prohibit Pharmacy Benefit Managers, Pharmacy Benefit Manager Affiliates And Psaos From Retaliating Against A Pharmacy Or Pharmacist; To Amend Section 73-21-163, Mississippi Code Of 1972, To Authorize The Board, For The Purposes Of Conducting Investigations, To Conduct Examinations Of A Pharmacy Benefit Manager Or Psao And To Issue Subpoenas To Obtain Documents Or Records That It Deems Relevant To The Investigation; To Create New Section 73-21-165, Mississippi Code Of 1972, To Require Pharmacy Benefit Managers To Annually