On Mar. 20, ARK LEG enacted benefit managers, claims processing bill.
ARK LEG enacted HB 1620 re pharmacy benefit managers, payment claim processing.
Amends Arkansas Code ARK LEG 17-3-92-12, the Pharmacy Audit Bill of Rights.
Bill Provisions
Prompt payment of coverage of prescription drugs to licensed pharmacy, pharmacist.
Ensures stable and predictable cash flow from intermediaries, vendors, pharmacy benefits managers, and claims processors hired by pharmaceutical manufacturers.
Beginning Jan. 1, 2026, benefits managers must update contracts, provider manuals to specify they will process, transmit payment for clean claims as submitted by parties.
Legislative History
On Feb. 20, 2025, bill introduced in House; on Mar. 6, 2025, bill was passed in House.
On Mar. 6, 2025, bill delivered to Senate; on Mar. 17, 2025, bill passed in Senate.
On Mar. 20, 2025, bill was approved by governor, and HB 1620 became Act 350.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
Regulators
ARK LEG
Entity Types
Corp; Ins
Reference
PR, Act 350, Bill, HB1620, 3/20/2025; Citation: ARK LEG 17-3-92-12;
