Pharmacy Benefit Prompt Pay Act; define requirements for pharmacy benefit managers and pharmacy services administrative organizations.

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 New Terms And Revise The Definitions Of Existing Terms Under The Pharmacy Benefit Prompt Pay Act; To Amend Section 73-21-155, Mississippi Code Of 1972, To Require A Pharmacy Benefit Manager To Make Prompt Payment To A Pharmacy; 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 A Pharmacy Services Administrative Organization (psao) To Be Licensed With The Mississippi Board Of Pharmacy; To Require A Psao To Provide To A Pharmacy Or Pharmacist A Copy Of Any Contract Entered Into On Behalf Of The Pharmacy Or Pharmacist By The Psao; To Create New Section 73-21-158, Mississippi Code Of 1972, To Prohibit A Pharmacy Benefit Manager, Psao, Carrier Or Health Plan From Spread Pricing; To Amend Section 73-21-161, Mississippi Code Of 1972, To Prohibit A Pharmacy Benefit Manager Or Pharmacy Benefit Manager Affiliates From Ordering A Patient To Use A Specific Pharmacy Or Pharmacies, Including An Affiliate Pharmacy; Offering Or Implementing Plan Designs That Penalize A Patient When A Patient Chooses Not To Use A Particular Pharmacy, Including An Affiliate Pharmacy; Advertising Or Promoting A Pharmacy, Including An Affiliate Pharmacy, Over Another In-network Pharmacy; Creating Network Or Engaging In Practices That Exclude An In-network Pharmacy; Engaging In A Practice That Attempts To Limit The Distribution Of A Prescription Drug To Certain Pharm