Oklahomans Could Pay Less for Prescriptions Under New Law
This article was written with the assistance of ai* software
SB34 is a prefiled bill called The Access to Lifesaving Medicines Act. It’s a law being proposed to help make prescription drugs more affordable for people in Oklahoma.
Here’s what it’s about:
➡️No Extra Costs: Health insurance companies and pharmacy benefits managers (PBMs) can’t make people pay too much for their prescription drugs. They can’t charge extra costs like high copayments or coinsurance beyond what the actual cost is after applying any discounts or rebates.
➡️Rebates for Health Plans: PBMs would have to offer health insurance plans a chance to give rebates at the time a person picks up their medicine, helping lower the cost for the person right away.
➡️Fair Cost-Sharing: The amount that people have to pay for their prescriptions will be set to the lowest possible amount. This could be the normal copayment, the most a health plan will pay, or even what it would cost without insurance.