Text of section effective on April 01, 2025
Sec. 540.0156.  AUDITS OF PHARMACY BENEFIT MANAGERS.  To obtain greater assurance about the effectiveness of pharmacy benefit managers' internal controls and compliance with state requirements, the commission shall:
(1)  periodically audit each pharmacy benefit manager that contracts with a managed care organization; and
(2)  develop, document, and implement a monitoring process to ensure that managed care organizations correct and resolve negative findings reported in performance audits or agreed-upon procedures engagements of pharmacy benefit managers.
Added by Acts 2023, 88th Leg., R.S., Ch. 769 (H.B. 4611), Sec. 1.01, eff. April 1, 2025.