HB1137EnactedHealthcare
revise certain provisions regarding pharmacy benefit managers.
HB1137 strengthens regulations on pharmacy benefit managers (the companies that manage prescription drug benefits for insurance plans) by requiring them to be more transparent about their fees and practices, and prohibiting certain conflicts of interest that could drive up drug costs for consumers. The bill gives the state insurance commissioner more authority to oversee these companies and ensure they're operating fairly. These changes aim to reduce prescription drug costs and make the pharmacy benefit system more transparent for South Dakota residents and insurers.