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SB 993

Pharmacy benefit managers; establishing requirements and limits for certain audit reports and findings. Emergency.

2025 Regular Session Introduced by Todd Gollihare and 1 co-sponsor

Oklahoma law now limits pharmacy benefit manager audit authorities and reporting requirements, potentially reducing financial penalties on pharmacies but possibly increasing insurance costs.

Becomes law without Governor's signature 05/22/2025
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Bill Summary · SB 993

Legislative bill overview

SB 993 regulates pharmacy benefit managers (PBMs) in Oklahoma by establishing requirements and limits on audit reports and findings. The bill became law without the Governor's signature on May 22, 2025, indicating it passed with legislative support but without executive endorsement.

Why is this important

PBMs act as intermediaries between insurers, pharmacies, and patients, controlling drug pricing and coverage. This legislation addresses concerns about PBM audit practices, which can result in significant financial penalties to pharmacies and have been criticized as overly broad and punitive. The bill directly impacts how pharmacies operate and potentially affects drug costs and access for Oklahoma consumers.

Potential points of contention

  • Audit scope limitations: Restricting audit authority may reduce PBM oversight capabilities, potentially affecting fraud detection and cost control mechanisms
  • Pharmacy financial impact: Limitations on audits could benefit pharmacies but may shift costs to insurers and consumers through higher premiums
  • Enforcement clarity: The bill's specific requirements and limits on audit reports may create ambiguity about what constitutes compliant PBM behavior

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

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