New Hampshire SB547: relative to regulation and transparency of pharmacy benefit manager practices.

What the bill says

An act relative to regulation and transparency of pharmacy benefit manager practices. Sen. Rochefort, Dist 1; Sen. McGough, Dist 11; Sen. Fenton, Dist 10; Sen. Watters, Dist 4; Sen. Altschiller, Dist 24; Sen. Perkins Kwoka, Dist 21; Rep. Miles, Hills. 12; Rep. Nagel, Belk. 6; Rep. Weber, Ches. 5; Rep. Burroughs, Carr. 2; Rep. M. Pearson, Rock. 34 COMMITTEE: Health and Human Services ───────────────────────────────────────────────────────────────── ANALYSIS This bill amends the definitions of pharmacy benefit manager and rebate and adds additional terms governing pharmacy benefit manager busine.

From the introduced text, January 7, 2026:

AN ACT relative to regulation and transparency of pharmacy benefit manager practices. Sen. Rochefort, Dist 1; Sen. McGough, Dist 11; Sen. Fenton, Dist 10; Sen. Watters, Dist 4; Sen. Altschiller, Dist 24; Sen. Perkins Kwoka, Dist 21; Rep. Miles, Hills. 12; Rep. Nagel, Belk. 6; Rep. Weber, Ches. 5; Rep. Burroughs, Carr. 2; Rep. M. Pearson, Rock. 34 COMMITTEE: Health and Human Services ───────────────────────────────────────────────────────────────── ANALYSIS This bill amends the definitions of pharmacy benefit manager and rebate and adds additional terms governing pharmacy benefit manager business practices. The bill states that pharmacy benefit managers have a fiduciary duty to the health carrier client and are prohibited from retaining any portion of spread pricing. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Explanation: Matter added to current law appears in bold italics. Matter removed from current law appears [in brackets and struckthrough.] Matter which is either (a) all new or (b) repealed and reenacted appears …

Read the full official text

Sponsors

• Lucinda Rosenwald (D, 13) · primary sponsor
• David Rochefort (R, 1)