Arkansas Insurance Department bulletin reiterates annual PBM pharmacy network adequacy filing

Under 23 CAR pt 146, AID says issuers that utilise a pharmacy benefit manager (PBM) must submit an annual pharmacy network adequacy filing, due March 1 of each year, or the next business day if March 1 falls on a weekend or state holiday. AID adds that data for the prior calendar year must be reported in the subsequent year, giving the example that data covering January 1, 2025, through December 31, 2025 must be submitted no later than March 1, 2026.