New Jersey Legislature passes PBM bill

NCPA July 2, 2019

Each week, we highlight a piece of state legislation introduced this session or a state regulatory initiative that could move the needle on changing the pharmacy payment model. To see what other states are doing, check out our legislation tracking map.

The New Jersey Legislature has passed A3717, dealing with reimbursement transparency. The bill prohibits arbitrary, retroactive reimbursement adjustments; makes MAC transparency laws applicable to all reimbursement methodologies (e.g., generic effective rate); prohibits a PBM from requiring accreditation standards that are more stringent than the state's standards; and protects a pharmacy's ability to offer delivery services. The bill is headed to Gov. Phil Murphy (D) for his signature. Congratulations to the New Jersey Pharmacists Association, the Independent Pharmacy Alliance, Garden State Pharmacy Owners, and all New Jersey pharmacy advocates!