PBM Licensure Law – WYOMING

WYOMING SUMMARY OF EXISTING LAW

No person shall act or hold himself out as a pharmacy benefit manager in this state unless he obtains a license from the department. The department shall through rules establish license requirements and procedures for the licensing of pharmacy benefit managers consistent with this article. The requirements shall only provide for the adequate identification of licensees and the payment of the required licensing fee.

Link to Existing Law: WY ST § 26-52-101

PRACTICAL NOTE FOR EXISTING LAW

This is a fairly sufficient statute for licensure, which, in tandem with other existing PBM laws, provides a framework for regulatory oversight of PBMs as well as rights for pharmacy providers.