Pharmacy Benefit Prompt Pay Act; revise.

An Act To Revise The Pharmacy Benefit Prompt Pay Act; To Amend Section 73-21-151, Mississippi Code Of 1972, To Reference New Sections Added To The Pharmacy Benefit Prompt Pay Act; To Amend Section 73-21-153, Mississippi Code Of 1972, To Define New Terms And Revise The Definitions Of Certain Existing Terms; To Amend Section 73-21-155, Mississippi Code Of 1972, To Revise The Reimbursement Amount From Pharmacy Benefit Managers And Pharmacy Services Administrative Organizations (psaos) Payable To Pharmacies; To Require Pharmacy Benefit Managers To Give Pharmacists Reasons For Denying A Claim Within Seven Days Of Receiving An Electronic Claim; To Amend Section 73-21-156, Mississippi Code Of 1972, To Delete Provisions Authorizing Pharmacy Benefit Managers From Using Maximum Allowable Cost Lists; To Revise The Administrative Appeals Process Pharmacy Benefit Managers Must Make Available To Pharmacies To Challenge Reimbursements; To Amend Section 73-21-157, Mississippi Code Of 1972, To Require Psaos To Be Licensed By The State Board Of Pharmacy; To Require Pharmacy Benefit Managers And Psaos To Renew Licenses Annually; To Revise The Financial Documents That Must Be Submitted To The Board With An Application For A License Or License Renewal; To Create New Section 73-21-158, Mississippi Code Of 1972, To Prohibit The Use Of Spread Pricing By Pharmacy Benefit Managers; To Bring Forward Section 73-21-159, Mississippi Code Of 1972, Which Relates To Financial Examinations Of Pharmacy Benefit Managers, For Purposes Of Possible Amendment; To Amend Section 73-21-161, Mississippi Code Of 1972, To Prohibit Steering By Pharmacy Benefit Managers; To Create New Section 73-21-162, Mississippi Code Of 1972, To Prohibit Retaliation Against Pharmacists By Pharmacy Benefit Managers, Pharmacy Benefit Manager Affiliates And Psaos; To Amend Section 73-21-163, Mississippi Code Of 1972, To Revise Provisions Relating To Investigations And Audits Of Pharmacy Benefit Managers Conducted By The Board; To Create New Section 73-21-165, Mississippi Code Of 1972, To Require Pharmacy Benefit Managers To Submit Certain Annual Reports To The Board; To Create New Section 73-21-167, Mississippi Code Of 1972, To Create The Mississippi Specialty Drug Committee; To Create New Section 73-21-211, Mississippi Code Of 1972, To Designate Certain Newly Created Statutes As The Pharmacy Fair Competition Act; To Create New Section 73-21-213, Mississippi Code Of 1972, To Declare Certain Legislative Findings Relating To The Distribution And Retail Sale Of Pharmaceutical Drugs And The Public Necessity To Regulate And License Certain Pharmaceutical Industries; To Create New Section 73-15-215, Mississippi Code Of 1972, To Prohibit Pharmacy Benefit Managers From Holding A Pharmacy Permit For The Retail Sale Of Drugs; To Authorize The Board To Issue Limited Use Permits For The Sale Of Rare Drugs Under Certain Circumstances; To Create New Section 73-21-217, Mississippi Code Of 1972, To Require The Board To Assess Each Active Retail Pharmacy Permit To Determine If The Permit Holder Is In Violation Of Section 73-21-215, Mississippi Code Of 1972; To Amend Section 25-15-301, Mississippi Code Of 1972, To Authorize The State And School Employees Life And Health Insurance Plan To Contract For The Management Of Pharmacy Benefits; To Require The Executive Director Of The State Board Of Pharmacy To Be A Member Of The Evaluation Committee When Considering Proposals For Such Administration; To Require A Pharmacy Benefits Manager For The State Health Plan To Comply With The Provisions Of The Pharmacy Benefit Prompt Pay Act; To Amend Section 25-15-303, Mississippi Code Of 1972, To Add The Executive Director Of The State Board Of Pharmacy To The Membership Of The State And School Employees Health Insurance Management Board; And For Related Purposes.