2473-S AMH SCHU KNUT 206

SHB 2473 - H AMD 875

By Representative Schual-Berke

   On page 3, line 5, after "(1)" strike all material through "plans." on line 15, and insert the following:

   "The business of pharmacy benefits management is one affected by the public interest, requiring that pharmacy benefits managers act in good faith, abstain from deception, and practice honesty and equity in all pharmacy benefits management matters."

   Renumber the remaining subsections and correct internal references accordingly.

EFFECT: Removes the requirement that a pharmacy benefits manager act in a fiduciary capacity, and requires them to act in good faith, abstain from deception, and practice honesty and equity.