<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="15-1623" title_number="15" title_name="Health Insurance" subtitle_number="16" subtitle_name="Pharmacy Benefits Managers">
  <level label="a">
    <text>Before entering into a contract with a purchaser, a pharmacy benefits manager:</text>
    <level label="1">
      <text>as applicable, shall inform the purchaser that the pharmacy benefits manager may:</text>
      <level label="i">
        <text>solicit and receive manufacturer payments;</text>
      </level>
      <level label="ii">
        <text>pass through or retain the manufacturer payments depending on the contract terms with a purchaser;</text>
      </level>
      <level label="iii">
        <text>sell aggregate utilization information; and</text>
      </level>
      <level label="iv">
        <text>share aggregate utilization information with other entities; and</text>
      </level>
    </level>
    <level label="2">
      <text>shall offer to provide to the purchaser a report that contains the:</text>
      <level label="i">
        <text>net revenue of the pharmacy benefits manager from sales of prescription drugs to purchasers made through the pharmacy benefits manager’s network of contractually affiliated retail pharmacies or through the pharmacy benefits manager’s mail order pharmacies, with respect to the pharmacy benefits manager’s entire client base of purchasers; and</text>
      </level>
      <level label="ii">
        <text>amount of all manufacturer payments earned by the pharmacy benefits manager.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>If a purchaser requests the information described in subsection (a)(2) of this section, a pharmacy benefits manager shall provide the information before entering into a contract with the purchaser.</text>
    </level>
    <level label="2">
      <text>Notwithstanding the provisions of paragraph (1) of this subsection, if a pharmacy benefits manager requires a nondisclosure agreement under which a purchaser agrees that the information described in subsection (a)(2) of this section is proprietary information, the pharmacy benefits manager may not be required to provide the information until the purchaser has signed the nondisclosure agreement.</text>
    </level>
  </level>
</section>
