(1) Pharmacy benefit managers shall track, monitor, and report to the commissioner each quarter the following aggregated information related to appeals filed pursuant to 33-22-173:
- (a) the number of appeals filed by pharmacies;
- (b) whether the appeals were denied or upheld by the pharmacy benefit manager and, if denied, the reasons for the denials;
- (c) for each denial, confirmation that the pharmacy benefit manager provided the pharmacy in writing the pricing and other information required under 33-22-173;
- (d) the total amount of price adjustments made by the pharmacy benefit manager; and
- (e) the average amount of days taken to make price adjustments.
- (2) The report must be filed within 30 days of the close of each calendar quarter.
- (3) The commissioner may request information required under this section at any time if the commissioner believes the information is reasonably necessary to ensure compliance with this part, 33-22-170 through 33-22-177, and 33-22-180.
History: En. Sec. 8, Ch. 501, L. 2021.