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SB 1025

Health care; creating the Oklahoma Rebate Pass-Through and Pharmacy Benefits Manager Meaningful Transparency Act of 2025; clarifying authority to take certain actions. Effective date.

2026 Regular Session Introduced by Steve Bashore and 1 co-sponsor

Oklahoma bill requiring pharmacy benefit managers to pass pharmaceutical rebates to health plans, increasing pricing transparency and potentially lowering drug costs for consumers.

Coauthored by Representative Bashore (principal House author)
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WeVote Research Nonpartisan
Bill Summary · SB 1025

Legislative bill overview

SB 1025 establishes the Oklahoma Rebate Pass-Through and Pharmacy Benefits Manager (PBM) Meaningful Transparency Act, requiring PBMs to pass rebates received from pharmaceutical manufacturers through to health plans and clarifying regulatory authority over PBM practices. The bill aims to increase transparency in pharmacy benefit management and ensure negotiated rebates benefit consumers rather than remaining with intermediaries.

Why is this important

PBMs act as intermediaries between insurers, pharmacies, and drug manufacturers, controlling drug pricing and access. Currently, rebates negotiated with manufacturers often don't reach consumers or health plans, contributing to higher out-of-pocket costs and premium prices. This bill addresses a significant transparency gap in the pharmacy supply chain that affects medication affordability for Oklahoma residents.

Potential points of contention

  • Industry opposition: PBMs argue rebate pass-through mandates reduce their negotiating leverage with manufacturers and could increase drug prices or limit formulary options
  • Implementation complexity: Defining which rebates must pass through and establishing enforcement mechanisms could be technically challenging and costly for plans and PBMs
  • Limited consumer benefit clarity: Without companion regulations on how plans use passed-through rebates, savings may not directly reach patients through lower copays or premiums

Compiled from official sources — confirm details with the bill’s official record.

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