South Dakota’s PBM law (SDCL ch. 58-29E, from HB 1135 of 2023) protects pharmacies through anti-self-dealing parity rather than a reimbursement floor. A PBM may not pay an in-state pharmacy less than it pays its own affiliate for dispensing the same drug on a per-unit basis.
The chapter also requires MAC-list transparency and prompt updates and bars PBMs from charging pharmacies certain fees, but it does not tie reimbursement to NADAC or acquisition cost.