All Comparison Tables

Pharmacy Benefit Manager (PBM) Regulation by State

Federal & State Law Editorial TeamLast reviewed: April 2026

Whether the state regulates pharmacy benefit managers, requires disclosure of pricing/rebates, and bans anti-steering practices.

50 States2 data columnsLast updated: April 2026

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State LawDisclosureAnti-Steering
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Rutledge v. PCMA (2020) confirmed states can regulate PBM reimbursement rates without ERISA preemption. PCMA v. Mulready (2023, 10th Cir.) limited some Oklahoma PBM regulations as preempted by ERISA and Medicare Part D.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.