MI | The Michigan Department of Insurance and Financial Services today issued Bulletin 2023-14-INS. It reminds Pharmacy Benefit Managers that the new PBM Licensure and Regulation Act (2022 PA 11) will take effect on January 1, 2024.
The DIFS now offers a registration procedure for PBMs to indicate their interest in becoming licensed in Michigan. Participation is voluntary, but registrants will receive additional information about new regulatory requirements as it becomes available.
Click here to read the bulletin for more information and to access the registration link.