Investor Presentaiton

Figure 1: Many states have adopted policies for uniform formularies for all or some drug classes in Medicaid managed care AK WA MT ND MN WI MI OR NV WY SD ΙΑ ME VT NH NY MA RI IN OH PA NJ CT NE MO KY WV VA MD DE HI UT NM KS AR TN NC SC DC AZ OK TX Increased transparency A MS AL GA FL Source: Kaiser Family Foundation Reporting and transparency requirements No uniform formulary for managed care FFS pharmacy benefit Uniform formulary for some drug classes Uniform formulary for all drug classes Most states have implemented laws requiring PBMs to disclose certain pricing and cost information such as data on rebates, or payments and fees collected from drug manufacturers and pharmacies. This helps health regulators and health plans to make informed decisions regarding whether PBMS are providing benefits and delivering good value. Examples: Louisiana and Minnesota. Figure 2: 32 states have passed laws requiring greater transparency or reporting for PBMs AK HI WA MT ND MN WI MI WY SD ΙΑ ME VT NH NY MA IN OH PA NJ CT OR NV CO NE MO KY WV VA MD DE CA UT NM KS AR TN NC SC DC AZ OK LA MS AL GA TX FL Source: National Council of State Legislatures Oregon Secretary of State | September 2022 | page 3 PBM reporting or transparency requirements

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