Oklahoma legislation · 2026 Regular Session
Oklahoma HB4457: Pharmacy benefits managers; terms; prohibiting pharmacy benefits managers from doing certain act; enforcement by Attorney General; effective date.
Status: In committee, April 28, 2026
What the bill says
An Act relating to pharmacy benefits managers (PBMs); defining terms; prohibiting PBM from engaging in certain actions; requiring certain PBM to offer certain pharmacy certain opportunities; prohibiting pharmacy network from denying participation to certain pharmacy; requiring certain provisions to be applied equally; requiring certain PBM to make certain written standards available upon request; requiring certain PBM to approve or deny certain application within certain time period; allowing certain denial to be subject to appeal…
From the engrossed text, April 27, 2026:
An Act relating to pharmacy benefits managers (PBMs); defining terms; prohibiting PBM from engaging in certain actions; requiring certain PBM to offer certain pharmacy certain opportunities; prohibiting pharmacy network from denying participation to certain pharmacy; requiring certain provisions to be applied equally; requiring certain PBM to make certain written standards available upon request; requiring certain PBM to approve or deny certain application within certain time period; allowing certain denial to be subject to appeal; requiring certain PBM to permit certain person to obtain certain medication in certain situations; construing provisions; requiring certain PBM to maintain certain records for certain time period; constituting violation of certain provisions as an unfair or deceptive act; allowing Attorney General to promulgate rules as necessary; allowing Attorney General to engage in certain actions; providing for codification; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SENATE FLOOR VERSION - HB4457 SFLR Page (Bold face denotes Committee Amendments) SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 6958.1 of Title 36, unless there is created a duplication in numbering, reads as follows: A. As used in this section: 1. "Health insurer" means any corporation, association, benefit society, exchange, partnership, or individual licensed by the Oklahoma Insurance Code; 2. "Medically integrated …