Mississippi legislation · 2026 Regular Session

Mississippi HB1665: Pharmacy Benefit Prompt Pay Act and State Health Insurance Plan; revise.

Status: Failed, March 26, 2026

AN ACT TO REVISE THE PHARMACY BENEFIT PROMPT PAY ACT; TO AMEND SECTION 73-21-151, MISSISSIPPI CODE OF 1972, TO REFERENCE NEW SECTIONS ADDED TO THE PHARMACY BENEFIT PROMPT PAY ACT; TO AMEND SECTION 73-21-153, MISSISSIPPI CODE OF 1972, TO DEFINE NEW TERMS AND REVISE THE DEFINITIONS OF CERTAIN EXISTING TERMS; TO CREATE NEW SECTION 73-21-154, MISSISSIPPI CODE OF 1972, TO TRANSFER ALL POWERS AND DUTIES EXERCISED BY THE STATE BOARD OF PHARMACY UNDER THE PHARMACY BENEFIT PROMPT PAY ACT TO THE COMMISSIONER OF INSURANCE; TO AMEND SECTION 73-21-155, MISSISSIPPI CODE OF 1972, TO REVISE THE REIMBURSEMENT AMOUNT FROM PHARMACY BENEFIT MANAGERS AND PHARMACY SERVICES ADMINISTRATIVE ORGANIZATIONS (PSAOS) PAYABLE TO PHARMACIES; TO REQUIRE PHARMACY BENEFIT MANAGERS TO GIVE PHARMACISTS REASONS FOR DENYING A CLAIM WITHIN SEVEN DAYS OF RECEIVING AN ELECTRONIC CLAIM; TO AMEND SECTION 73-21-156, MISSISSIPPI CODE OF 1972, TO DELETE PROVISIONS AUTHORIZING PHARMACY BENEFIT MANAGERS TO USE MAXIMUM ALLOWABLE COST LISTS; TO REVISE THE ADMINISTRATIVE APPEALS PROCESS PHARMACY BENEFIT MANAGERS MUST MAKE AVAILABLE TO PHARMACIES TO CHALLENGE REIMBURSEMENTS; TO AMEND SECTION 73-21-157, MISSISSIPPI CODE OF 1972, TO REQUIRE PSAOS TO BE LICENSED BY THE COMMISSIONER OF INSURANCE; TO REQUIRE PHARMACY BENEFIT MANAGERS AND PSAOS TO RENEW LICENSES ANNUALLY; TO REVISE THE FINANCIAL DOCUMENTS THAT MUST BE SUBMITTED TO THE COMMISSIONER WITH AN APPLICATION FOR A LICENSE OR LICENSE RENEWAL; TO CREATE NEW SECTION 73-21-157.1, MISSISSIPPI CODE OF 1972, TO CREATE A SPECIAL FUND IN THE STATE TREASURY TO SUPPORT THE OPERATIONS OF THE DEPARTMENT OF INSURANCE IN THE REGULATION OF PHARMACY BENEFIT MANAGERS; TO REQUIRE THE STATE FISCAL OFFICER TO TRANSFER UNOBLIGATED FUNDS IN THE SPECIAL FUND PREVIOUSLY USED BY THE STATE BOARD OF PHARMACY FOR THE REGULATION OF PHARMACY BENEFIT MANAGERS TO THE NEW SPECIAL FUND; TO CREATE NEW SECTION 73-21-158, MISSISSIPPI CODE OF 1972, TO PROHIBIT THE USE OF SPREAD PRICING BY PHARMACY BENEF