An Act to reduce the cost of pharmacy benefits

This bill amends Massachusetts state law to define key terms related to pharmacy benefits and restricts how pharmacy benefit managers and health carriers can operate. It prohibits these entities from requiring patients to use specific pharmacies where they have an ownership interest or from offering financial incentives like lower copayments to steer patients toward such pharmacies. Additionally, the legislation bans the use of accreditation standards that conflict with existing state pharmacy regulations. The primary goal is to increase transparency and prevent conflicts of interest in prescription drug coverage management.