Texas § 1369.502 PHARMACY BENEFIT MANAGER INFORMATION.

Texas Statutes

§ 1369.502 — PHARMACY BENEFIT MANAGER INFORMATION.

Texas § 1369.502

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Bluebook

Tex. Insurance Code Code Ann. § 1369.502 (2026).

Text

Sec. 1369.502. PHARMACY BENEFIT MANAGER INFORMATION.

(a)Not later than March 1 of each year, each pharmacy benefit manager shall file a report with the commissioner. The report must state for the immediately preceding calendar year:

(1)the aggregated rebates, fees, price protection payments, and any other payments collected from pharmaceutical drug manufacturers; and

(2)the aggregated dollar amount of rebates, fees, price protection payments, and any other payments collected from pharmaceutical drug manufacturers that were:

(A)passed to:

(i)health benefit plan issuers; or

(ii)enrollees at the point of sale of a prescription drug; or

(B)retained as revenue by the pharmacy benefit manager.

(b)A report submitted by a pharmacy benefit manager may not disclose the identity of a specific

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Sec. 1369.502. PHARMACY BENEFIT MANAGER INFORMATION. (a) Not later than March 1 of each year, each pharmacy benefit manager shall file a report with the commissioner. The report must state for the immediately preceding calendar year:
(1) the aggregated rebates, fees, price protection payments, and any other payments collected from pharmaceutical drug manufacturers; and
(2) the aggregated dollar amount of rebates, fees, price protection payments, and any other payments collected from pharmaceutical drug manufacturers that were:
(A) passed to:
(i) health benefit plan issuers; or
(ii) enrollees at the point of sale of a prescription drug; or
(B) retained as revenue by the pharmacy benefit manager.
(b) A report submitted by a pharmacy benefit manager may not disclose the identity of a specific health benefit plan or enrollee, the price charged for a specific prescription drug or class of prescription drugs, or the amount of any rebate or fee provided for a specific prescription drug or class of prescription drugs.
(c) Not later than June 1 of each year, the commissioner shall publish the aggregated data from all reports for that year required by this section in an appropriate location on the department's Internet website. The combined aggregated data from the reports must be published in a manner that does not disclose or tend to disclose proprietary or confidential information of any pharmacy benefit manager.

Legislative History

Added by Acts 2019, 86th Leg., R.S., Ch. 1291 (H.B. 2536 ), Sec. 2, eff. September 1, 2019. Amended by: Acts 2021, 87th Leg., R.S., Ch. 50 (H.B. 1033 ), Sec. 6, eff. September 1, 2021.