Prohibiting network exclusion for pharmacies that refuse to dispense a prescription of the PBM reimbursement that is below the pharmacy's acquisition cost.

This bill requires health insurance companies and pharmacy benefit managers to be more transparent about how they calculate drug prices and reimburse pharmacies. It also establishes a process for pharmacies to appeal pricing disputes and allows them to refuse to fill prescriptions if the reimbursement is less than their cost. Additionally, it clarifies that these rules do not apply to Medicaid and sets new standards for pharmacy services administrative organizations, including requiring them to provide contracts to pharmacies and prohibiting them from forcing pharmacies to buy from specific suppliers.

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