Oklahoma governor signs PBM regulation law

NCPA May 20, 2019

Gov. Kevin Stitt on Tuesday signed HB 2632, which is similar to a bill he vetoed a few weeks ago. The bill protects patient access to pharmacy services by establishing network adequacy and "any willing pharmacy" requirements, minimizes PBM conflicts of interest by prohibiting higher reimbursement rates for PBM-owned pharmacies, and limits PBM abuses by prohibiting retroactive claim adjustments and denials. NCPA CEO Douglas Hoey, an Oklahoma native, wrote a letter to the governor last week urging him to sign the bill. The Oklahoma Pharmacists Association actively advocated for PBM reform in the state, with assistance from NCPA.

Read NCPA's statement on the new Oklahoma law.