TO AMEND THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; AND TO CREATE THE PHARMACY SERVICES ADMINISTRATIVE ORGANIZATION ACT.
Senate Bill 593 seeks to regulate Pharmacy Services Administrative Organizations (PSAOs) and amend provisions related to Pharmacy Benefits Managers (PBMs) within Arkansas. The bill requires PSAOs to register with the State Insurance Department and submit annual reports detailing their contracts with pharmacies and PBMs. It also mandates that PSAOs disclose any ownership ties to drug manufacturers or retailers. Additionally, PBMs would be required to offer Arkansas-specific amendments to their national contracts with PSAOs to ensure compliance with state laws.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 31, 2025
Last action May 5, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
2
Apr 7, 2025
Upper · Passed
Recommended for study in the Interim Committee on INSURANCE & COMMERCE - SENATE
upper
Apr 1, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Mar 31, 2025
Introduced
Filed
upper
2 primary · 0 co-sponsors
Sponsors
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