Section 176Y:4 - [Effective 4/8/2025] Payments to pharmacy benefit consultants or brokers that constitute conflict of interest prohibited(a) A pharmacy benefit manager shall not make payments to a pharmacy benefit consultant or broker whose services were obtained by a health benefit plan sponsor to work on the pharmacy benefit bidding or contracting process if the payment constitutes a conflict of interest, as determined by the commissioner. For purposes of this section, payments from a pharmacy benefit manager to a pharmacy benefit consultant or broker shall include, but not be limited to: (i) shared rebates from pharmaceutical manufacturers; (ii) per prescription fees; (vi) any other financial arrangement the commissioner considers to be a conflict of interest.(b) The division shall adopt any written policies or procedures or promulgate regulations that the division determines are necessary to implement this section.Mass. Gen. Laws ch. 176Y, § 176Y:4
Added by Acts 2024, c. 342,§ 37, eff. 4/8/2025.