An act relating to licensure and regulation of pharmacy benefit managers

This bill establishes new oversight and accountability measures for pharmacy benefit managers in Vermont. It grants the Office of the Health Care Advocate access to examination reports and related documents from the state's health commissioner while protecting confidential business information from being used in private lawsuits. The legislation also requires the Department of Financial Regulation to report by January 2025 on whether pharmacies and other injured parties should be allowed to sue pharmacy benefit managers in court for violations of state regulations. These changes aim to increase transparency and provide clearer pathways for addressing regulatory violations without altering the core licensing requirements for pharmacy benefit managers.