Texas’s new PBM law takes effect Today, September 1, 2021. As a reminder, this bipartisan piece of legislation contains several great components that Texas Pharmacies should plan to use to their advantage including going forward:
(1) restrictions on retroactive claims reductions (including DIR fees);
(2) restrictions/limitations on contract provisions prohibiting pharmacies from mailing;
(3) express prohibitions on retaliation by a PBM against pharmacies for invoking their legal rights against PBMs; and
(4) prohibitions on PBMs reimbursing affiliated pharmacies more than the amount reimbursed to nonaffiliated pharmacies for the same pharmacy services.
As stated in our previous article from May, it was signed into law by Governor Greg Abbott and goes into effect today.
How Frier Levitt Can Help
To learn more about how your pharmacy can take advantage of this law, contact us today.
