January 12, 2024
Governor Phil Murphy signed
S3604 into law as P.L.2023, c.221., which authorizes
the use of healthcare platforms providing discounted prices for
payment of prescription and non-prescription drugs, devices, and
telehealth and telemedicine services.
This law prohibits pharmacy benefit managers (PBMs) from
hindering, imposing penalties, or disincentivizing network
pharmacies from offering consumers reduced prices offered by
other healthcare platforms.
Under this law, which went into effect immediately upon its
signing, individuals with accounts with healthcare platforms such
as GoodRx and SingleCare, will have access to reduced prices when
purchasing prescription drugs. Such individuals would also be
able to apply their healthcare platform memberships toward the
payment of telehealth and telemedicine services.
