Arkansas SB593: TO AMEND THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; AND TO CREATE THE PHARMACY SERVICES ADMINISTRATIVE ORGANIZATION ACT

What the bill says

An act to be entitled an act to amend the arkansas pharmacy benefits manager licensure act; to create the pharmacy services administrative organization act; and for other purposes. subtitle to amend the arkansas pharmacy benefits manager licensure act; and to create the pharmacy services administrative organization act.

From the introduced text:

An Act To Be Entitled AN ACT TO AMEND THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; TO CREATE THE PHARMACY SERVICES ADMINISTRATIVE ORGANIZATION ACT; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; AND TO CREATE THE PHARMACY SERVICES ADMINISTRATIVE ORGANIZATION ACT. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 23-92-503(12), concerning the definition of "pharmacy services administrative organization" used under the Arkansas Pharmacy Benefits Manager Licensure Act, is amended to read as follows: (12) "Pharmacy services administrative organization" means an organization that helps community pharmacies and pharmacy benefits managers or third-party payers achieve administrative and economic efficiencies, including contracting, reimbursement, and payment efficiencies; SECTION 2. Arkansas Code § 23-92-503, concerning definitions used under the Arkansas Pharmacy Benefits Manager Licensure Act, is amended to add additional subdivisions to read as follows: (16)(A) "Pharmacy benefits manager national contract to pharmacies" means a standardized agreement entered into by a pharmacy benefits manager and a network of pharmacies across the United States in *ANS443* 03/31/2025 4:16:26 PM ANS443 SB593 which a pharmacy is, either directly or indirectly, passed through a pharmacy services administrative organization to agree to certain pricing terms and conditions if that pharmacy is included within a pharmacy benefits manager network. (B) "Pharmacy benefits manager national contract …

Read the full official text

Sponsors

• Justin Boyd (R, 27) · primary sponsor
• Brandon Achor (R, 71)

Latest actions

1. May 5, 2025: Sine Die adjournment
2. April 7, 2025: Recommended for study in the Interim Committee on INSURANCE & COMMERCE - SENATE
3. April 1, 2025: Returned by the Committee, with the recommendation that it Do Pass
4. March 31, 2025: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
5. March 31, 2025: Filed

Common questions

What is SB593?

SB593 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO AMEND THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; AND TO CREATE THE PHARMACY SERVICES ADMINISTRATIVE ORGANIZATION ACT.

What does SB593 do?

In its own words: An act to be entitled an act to amend the arkansas pharmacy benefits manager licensure act; to create the pharmacy services administrative organization act; and for other purposes. subtitle to amend the arkansas pharmacy benefits manager licensure act; and to create the pharmacy services administrative organization act.

What is the status of SB593?

Failed as of May 5, 2025. Latest action: Sine Die adjournment (May 5, 2025).

Who sponsored SB593?

Justin Boyd (R, 27), with 1 co-sponsor.

Where is the official record for SB593?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB593