- District 5
Provides that, for individual health insurance coverage, the defined cost sharing for a prescription drug be calculated at the point of sale and based on a price that is reduced by an amount equal to at least 85% of all rebates received by the insurer in connection with the dispensing or administration of the prescription drug. Requires that, for group health insurance coverage, an insurer: (1) pass through to a plan sponsor 100% of all rebates received or estimated to be received by the insurer concerning the dispensing or administration of prescription drugs to the covered individuals of the plan sponsor; (2) provide a plan sponsor, at the time of contracting, the option of calculating defined cost sharing for covered individuals of the plan sponsor at the point of sale based on a price that is reduced by some or all of the rebates received or estimated to be received by the insurer concerning the dispensing or administration of the prescription drug; and (3) disclose specified information to the plan sponsor. Allows the department of insurance to enforce the provisions and impose a civil penalty.
Representative Shackleford added as cosponsor
Referred to the House
Third reading: passed; Roll Call 102: yeas 31, nays 18
House sponsor: Representative Barrett
Cosponsor: Representative Vermilion A
Senator Bohacek added as coauthor
Amendment #6 (Charbonneau) prevailed; voice vote
Second reading: amended, ordered engrossed
Committee report: do pass, adopted
Senator Ford J.D. added as coauthor
Senator Becker added as second author
First reading: referred to Committee on Health and Provider Services
Authored by Senator Charbonneau
|Bill Text Versions||Format|
|Introduced Senate Bill (S)|
|Senate Bill (S)|
|Engrossed Senate Bill (S)|
|Fiscal Note: SB0088.03.ENGS.FN001|
|Fiscal Note: SB0088.03.ENGS.FN002|
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