SB583

Senate Bill 583 amends Arkansas law regarding Maximum Allowable Cost (MAC) lists for pharmacy services. It creates an explicit private right of action for pharmacies, pharmacists, and pharmacy-related businesses to sue for violations of existing MAC laws. Under the bill, these entities can pursue remedies including compensatory damages, actual financial losses, and punitive damages under the Deceptive Trade Practices Act, the Pharmacy Benefits Manager Licensure Act, and the Trade Practices Act. Prevailing plaintiffs are entitled to recover attorney's fees and costs. Additionally, the bill establishes a statutory penalty of $10,000 per violation for actions brought under the Trade Practices Act. The legislation explicitly prohibits these private actions from being filed against government entities or officials.