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Bill

SB 2007

Pharmacy Benefit Managers; requiring PBM to remit certain fees. Effective date.

2026 Regular Session Introduced by Preston Stinson and 1 co-sponsor

SB 2007 mandates Oklahoma pharmacy benefit managers remit specified fees, potentially affecting drug pricing, pharmacy operations, and insurance costs.

Vetoed 05/01/2026
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WeVote Research Nonpartisan
Bill Summary · SB 2007

Legislative bill overview

SB 2007 requires Pharmacy Benefit Managers (PBMs) operating in Oklahoma to remit certain fees, though the bill summary does not specify which fees or to whom they must be remitted. The bill appears to be in early legislative stages, having just completed its first reading and been referred to the Business and Insurance committee.

Why is this important

PBMs are intermediaries between insurers, pharmacies, and patients that significantly influence drug pricing and pharmacy operations. Fee requirements could affect how PBMs operate in Oklahoma, potentially impacting drug costs, pharmacy profitability, and insurance premiums depending on how fees are structured and allocated.

Potential points of contention

  • Lack of fee specification: The bill title doesn't clarify which fees must be remitted, to whom, or how much—critical details that could dramatically affect PBM business models and healthcare costs
  • PBM industry opposition: PBMs typically resist regulatory constraints and fee requirements, which could trigger significant lobbying and industry pushback
  • Unintended consequences: Fees on PBMs could be passed to consumers through higher insurance premiums or reduced pharmacy networks if cost structures are altered

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

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