An Act relative to pharmacy benefit managers

This bill amends Massachusetts laws to formally include pharmacy benefit managers in state regulations regarding pharmaceutical pricing and market oversight. The key changes require these companies to pay the same fees as drug manufacturers when state spending on medications rises, while exempting those who also provide their own pharmacy services from extra charges. Additionally, the legislation expands the scope of investigations and reporting requirements to explicitly include pharmacy benefit managers alongside other industry players. By updating existing legal definitions and fee structures, the bill aims to ensure these entities are held accountable for their role in the state's healthcare costs.